How natural resources are used by poor countries for economic development

What is it about?

Why is natural resource exploitation not yielding greater benefits to the poor economies of Africa, Asia and Latin America? This book's historical review of resource use and development examines current theories explaining under-performance of today's resource-abundant economies. After developing models to analyze the key economic factors underlying land expansion and water use in developing countries, Edward Barbier explores their resource dependency, rural poverty and resource degradation and proposes reforms for successful resource-based development. Read more at http://www.cambridge.org/us/academic/subjects/economics/economic-development-and-growth/natural-resources-and-economic-development#QDYSoX5gB0kPCyFc.99

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Why is it important?

"The book also provides a well-rounded presentation of the topic and cites important references for further study. This volume would serve as an excellent advanced undergraduate or graduate text for an environmental economics/economic development class. Highly recommended.”" - Choice "This book provides the definitive treatment of the frontier land expansion approach to economic development, and, for that reason alone, represents an important contribution to the literature. But the book offers a great deal more.... In addition to its intellectual appeal... the book is extremely useful for classroom settings; this volume can be used in a development policy course for generalists or, alternatively, in a graduate development economics course having a rigorous theory and modelling focus." - Journal of Natural Resources Policy Research Read more at http://www.cambridge.org/us/academic/subjects/economics/economic-development-and-growth/natural-resources-and-economic-development#QDYSoX5gB0kPCyFc.99

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