In summary, the resource curse in Nigeria has made a negative impact upon public services, with corruption and incompetence leading to inadequate distribution of resources to those who need it most. Nigeria’s per capita income has actually fallen, from US$302.75 in 1973 to US$254 in 2002’ 1 The above quotation summarizes what has been termed the totality of the effect of the ‘resource curse’ in Nigeria and, indeed, most sub-Saharan African Countries. economic growth. It is the desires to unravel this puzzle (a paradox of pronounced poverty in the midst of great wealth), that we attempt to establish a link between the phenomenon of resource curse in Nigeria, and the Niger Delta crisis. Nigeria has a large and ethnically diverse population of … A top oil producing country is struggling to fuel its own economy. Emory Int’l L. Rev. Economies that are richly endowed with natural resources tend to grow slowly. Nigeria is West Africa’s largest economy mainly because of oil, and its bad natural resource management is notorious as it drastically widened the gap between the This chapter examines the weaknesses of the resource curse thesis especially its commodity determinism, and argues … Nigeria, the largest producer of oil in Africa, is indicative of the resource curse. Nigeria, the largest producer of oil in Africa, is indicative of the resource curse. The resource curse refers to this paradox: that countries with an abundance of natural glected in the debate on the resource curse in Nigeria to date. It is equally The paper provides conceptual insights and in-depth analysis of the dynamics of the oil resource curse on the political economy of Nigeria. resource curse (Auty, 2001). What's going wrong? Yet, Nigeria is unanimously presented in the literature as the classical exemplifier of the resource curse. economic growth. Since 2009 Nigeria has been in the grip of a violent Islamic insurgency by the extremist sect widely known as Boko Haram. volatility is the central problem of the resource curse. 27 Full PDFs related to this paper. Kronenberg (2004) indicates, “The curse of natural resources is a well-documented phenomenon for developing countries. Economies that are richly endowed with natural resources tend to grow slowly. Numerous researchers have found a significant negative correlation between natural resource abundance and economic growth. Several causes are advanced to Despite earning US$200 million in foreign exchange from oil exports between 1970 and 1990, Nigeria was unable to channel these gains into higher growth and development indicators. 4 Case study: Nigeria. The resource curse is avoidable as it does not seem to occur in every resourceful country in the world. resource abundance and poor socio-economic outcomes have been questioned (see Stijns, 2001, Herb, 2003 and De Soysa, 2000), the resource curse thesis is underpinned by three main hypothesis: resource abundance, particularly oil and gas, results in poor economic However, this paper concluded that most of the solutions suggested in combating resource curse would not be realistic if corruption and weak institutional frameworks as well as poor technological development continue to dominate Nigeria system. The theoretical framework was based on the resource curse theory and the environmental externalities theory. The Republic of Korea became a member of the International Bank for Reconstruction and Development (IBRD) in 1955 and joined the International Development Association (IDA) in 1961. 28 at 425. THE NATURAL RESOURCE CURSE IN SUB-SAHARAN AFRICA: TRANSPARENCY AND INTERNATIONAL INITIATIVES by Meaza Zerihun Demissie December 2014 The Sub-Saharan Africa (SSA) region has become a classic case of the resource-curse phenomenon characterized by the abundance of natural resources, low economic development, and misuse … governmentality, oil and power in the Niger By 2000, 98 percent of export earnings consisted of oil and gas exports. relative to other resource-rich countries across the globe.2 This policy brief sheds light on the resource curse in sub-Saharan Africa and suggests measures to reverse and avoid it. Chapter 3 discusses the resource curse in Nigeria. Addressing the Natural Resource Curse: An Illustration from Nigeria. solutions to resource curse in Nigeria but the role of institutions have not been adequately captured. Instead, they have had to suffer the negative social, economic and environmental effects What's going wrong? The tax paid by the businesses also differ s Equatorial Guinea and Nigeria, for example, oil and gas now account for between 95 and 99 per cent of exports (in Angola, oil and diamonds now account for over 99.5 per cent of exports, according to IMF data). new found natural fortune and on how to escape a potential resource curse. The Bank began its operations in Korea in 1962 when it completed the first Country Economic Report and approved an IDA credit of US$17 million to expand and improve the Korean National … Nigerian economy has made drastic changes since the discovery of crude oil however corruption, monopolization, marginalization, wastage and Today they have come to be recognized, not It examined the problems associated with Oil exploration and its mitigation. … … Working Paper 9804. ), Oxford University Press. This has been exacerbated by a weak infrastructure and delivery network, related to the three-tier government system. The paper provides conceptual insights and in-depth analysis of the dynamics of the oil resource curse on the political economy of Nigeria. As a result, many see a ‘resource curse’ in Africa, whereby easily obtainable natural resources and commodities have essentially hurt the prospects of several African national and regional economies by fostering political corruption and feeding History clearly shows that natural resource wealth may harm economic performance and make citizens worse off. A short summary of this paper. Nigeria, the largest producer of oil in Africa, is indicative of the resource curse. Oil revenues per capita in Nigeria, for example, increased from 33 U.S. dollars to 325 U.S. dollars from 1965 to 2000. By 2000, 98 percent of export earnings consisted of oil and gas exports. oil) windfall which was unanticipated and then regarded as permanent. Resource Revenues in Nigeria Nigeria is seen as a typical example of the so-called ‘resource curse.’ It is Africa’s largest oil producer, but has struggled with poverty and weak institutions. The resource curse is not a novel theory within the academic community. Course Title TRDA 1000. There are reasons to be a bit more sanguine. This paper aims to provide a framework for understanding the subnational resource curse and to help inform the work of ... resource curse logic implies a strong causal relationship between natural resource wealth and under- Nanji R. Umoh (PhD) Institution: Department of Political Science, University of Jos, Nigeria. This thesis argues for context specific approach which tackles issues on case- by- case basis. The Resource Curse The existence of a resource curse is highly debated in the literature. Twitter LinkedIn Email. Coltan (short for columbite–tantalites and known industrially as tantalite) is a dull black metallic ore from which the elements niobium and tantalum are extracted. The term as used here refers to the Resource Curse Or Blessing . Box 4.1: Cross-Country Evidence of the Natural Resource Curse There are, indeed, resource-rich countries that benefit from their natural wealth, but overall, the economies of many resource-rich countries are in a surprisingly poor state. 6 Items 39 and 41, Schedule II, Exclusive Legislative List (ELL), Constitution of the Federal Republic of Nigeria. Angola, Congo, Nigeria, Venezuela, and the … View full document. However, this literature has also noted a wide cross-country variation in experiences, with countries like Nigeria having Notably, Raol Prebisch and Hans Singer argued more than fifty years ago that countries relying on exports of primary goods would face … The explanation for this puzzle partly lies in the recent fall in oil prices and related government revenues, which limited patronage spending … such resource curse, this paper investigates the extent to which its Nigerian version, the Nigeria Extractive Industries Transparency Initiative (NEITI) can mitigate the resource curse in the Niger Delta. Xavier Sala-i-Martin & Arvind Subramanian. This paper proceeds as follows: Before entering into the in‐depth case study, a critical over‐ view of the academic debate on natural resources and their impact on violence is given; it of combination of its resource abundance … Economic growth is the per income capital and is taken as the dependent variable. The impact of oil in the Nigerian economy … Economies that are richly endowed with natural resources tend to grow slowly. natural resource exports was raised by economists well before the recent resource curse literature. Nigeria: The Classic Case of a Resource Curse. The Resource Curse describes a situation where a country with abundant natural resources such as oil, diamonds, or gold, is worse off economically and politically, compared to countries with fewer natural resources. Read Paper. The resource curse strikes again. Yet, the oil exporter nonetheless underwent a democratic transition with its March 2015 elections. Founded on 14 September 1960 in Baghdad by the first five members (Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela), it has since 1965 been headquartered in Vienna, Austria, although Austria is not an OPEC member state.As of … The country’s oil wealth fuels corruption instead of … the resource curse have been launched by the World Bank, the G20, and the United Nations ... On a per capita basis, the United States produces more oil than Nigeria, but Nigeria is an exporter whereas the United States is not because the United States is wealthier and consumes all of its oil domestically. The big idea behind the ‘resource curse’ is that mineral and fuel abundance in less developed countries (LDCs) tends to generate negative developmental outcomes, including poor economic performance, growth collapses, high levels of corruption, ineffective governance and greater political violence. Is the detrimental impact of oil on development unique to Nigeria or is it—the oft-cited “natural resource curse”—a more general phenomenon? the resource curse in Nigeria while volatility of crude oil price does not have a significant impact on resource curse in Nigeria. A Proposal On Dutch Disease And Resource Curse In Nigeria A Case Of Capital Inflow. Dating back to Adam Smith, this is the notion that countries with abundant natural resources do not perform as well economically as those without. Human capital was the transmission channel explored in this study. Evidence from the current state of developmentin Nigeria supports the main arguments of the resource curse thesis. Resource curse? In some cases, resource conflict is embedded in the social and economic grievance narrative. Although it seems paradoxical, the idea of a resource curse is difficult to ignore. governmentality, oil and power in the Niger Delta, Nigeria Michael Watts a Institute of International Studies, University of California, Berkeley, California, USA,
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