BREALDOWN IN SOUTHEAST ASIA
This book explores three puzzles: Why did the Indonesian, Malaysian, and Philippine governments disastrously mismanage their forests? Why have the governments of many developing states done the same? And why do states generally squander their natural resources?
In this study, Michael L. Ross draws on the new institutional economics, the theory of rent-seeking, and examples from Southeast Asia, to show how the volatility of international markets can damage the institutions of developing states — and lead to the plunder of natural resources.
Michael L. Ross is Assistant Professor of Political Science at the University of Michigan, Ann Arbor.