Resource Abundance and Economic Development

By R. M. Auty | Go to book overview

The coalition of parties that reflects the consensual democracy of Malaysia and has ruled since independence has served as a stabilizing force, allowing each race a role in government. The policy of growth-based-security avoided the development pitfalls of many resource-rich countries and shows the importance of sociopolitical management in the development process.


REFERENCES

Ariff, K. A. M. (1972), 'Export trade and the Malayan economy: an inquiry into the economic implications of export instability', Monograph Series on the Malaysian Economic Affairs, Kuala Lumpur: Faculty of Economics and Administration, University of Malaya.

Auty, R. M. and R. F. Mikesell (1998), Sustainable Development in Mineral Economies, Oxford: Clarendon Press.

Bank Negara Malaysia Quarterly Economic Bulletin, various issues.

Booth, A. (1995), 'Southeast Asian economic growth: can the momentum be maintained?', Southeast Asian Affairs 1995, Singapore: Institute of Southeast Asian Studies.

Government of Malaysia, Treasury Economic Report, various issues.

Ishak, S. and M. Z. Ragayah (1997), 'Economic growth and equity in Malaysia: performance and prospects' in A. Mahdzan (ed.), Southeast Asia on the Growth Path: Book of Readings, Universiti Pertanian Malaysia Press.

Ismail, M. S. and S. D. Meyanathan (1993), Malaysia: Growth, Equity and Structural Transformation, Washington, DC: World Bank.

Ismail, M. S. (1990), 'Fiscal policy and structural adjustment', in H. Yokoyama (ed.), Malaysian Economy; Policy and Structural Change, Tokyo: Institute of Developing Economies.

Kharas, H. (1991), 'Malaysian savings in the 1990s: problems and prospects', in K. H. Lee, and S. Nagaraj (eds.), The Malaysian Economy Beyond 1990: International and Domestic Perspectives, Kuala Lumpur: Persatuan Ekonomi Malaysia.

Krueger, A. O., H. B. Lary, T. Monson and N. Akrasanee (eds.) (1981), Trade and Employment in Developing Countries, Vol. 1, Chicago: the University of Chicago Press for the National Bureau of Economic Research.

Lee Kiong Hock (1996), 'Labour markets issues: skills training and labour productivity', paper presented in The Challenge of Human Capital Formation, 5-7 August 1996, Kuala Lumpur.

Lim, D. (1973), Economic Growth and Development in West Malaysia 1947-1970, Kuala Lumpur: Oxford University Press.

Lim, C. Y. (1967), Economic Development of Modern Malaya, Kuala Lumpur: Oxford University Press.

Mahani, Z. A. (1998), 'Malaysian exports: seeking new sources of growth', report submitted for the Asian Development Bank for the Study on Asian Exports: Past Trends and Future Prospects.

Stauffer, T. R. (1986), 'Accounting for “Wasting Assets”: measurements of income and dependency in oil-rentier states', Journal of Energy and Development, 11/1, 69-93.

Umikalsum, H. M. N. (1991), 'Fiscal federalism in Malaysia, 1971-1987', thesis submitted for the Degree of Doctor of Philosophy, Faculty of Economics and Administration, University of Malaya.

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Resource Abundance and Economic Development
Table of contents

Table of contents

  • Unu World Institute for Development Economics Research (Unu/Wider) ii
  • Resource Abundance and Economic Development iii
  • Foreword v
  • Acknowledgements vii
  • Contents ix
  • List of Tables xi
  • List of Figures xiv
  • List of Contributors xv
  • Part I Introduction 2
  • 1: Introduction and Overview 3
  • References 15
  • Part II Critical Parameters in Resource-Based Development Models 18
  • 3: The Sustainability of Extractive Economies 36
  • Appendix 3.1 Deriving Net Income and Genuine Saving 46
  • References 55
  • References 73
  • Part III Long-Term Perspective On, and Models Of, Resource-Based Growth 94
  • References 109
  • 7: Short-Run Models of Contrasting Natural Resource Endowments 113
  • References 124
  • References 142
  • Part IV Development Trajectories of Resource-Abundant Countries 145
  • 9: Competitive Industrialization with Natural Resource Abundance 147
  • References 163
  • 10: A Growth Collapse with Diffuse Resources 165
  • References 177
  • References 191
  • 12: A Growth Collapse with High Rent Point Resources 193
  • References 206
  • 13: Large Resource-Abundant Countries Squander Their Size Advantage 208
  • References 220
  • Part V Lessons for Policy Reform 223
  • References 237
  • 15: Growth, Capital Accumulation, and Economic Reform in South Africa 239
  • Appendix 15.1 257
  • References 258
  • 16: Reforming Resource-Abundant Transition Economies 260
  • References 275
  • References 294
  • 18: A Nordic Perspective on Natural Resource Abundance 296
  • Part VI Conclusions 314
  • 19: Conclusions 315
  • References 327
  • Index 329
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