The resource curse without natural resources: Expectations of resource booms and their impact
The resource curse without natural resources: Expectations of resource booms and their impact
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DOI：
10.1093/afraf/adx001
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发表时间：
2017-02
期刊：
影响因子：
2.8
通讯作者：
J. Frynas;G. Wood;T. Hinks
中科院分区：
文献类型：
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作者：
J. Frynas;G. Wood;T. Hinks
许多资源丰富的国家都经历了自然资源开采带来的一系列负面经济和政治影响，通常被统称为“资源诅咒”。本文调查了圣多美和普林西比和马达加斯加对未来自然资源繁荣的预期在多大程度上导致了“资源诅咒”效应，即使这些国家没有经历预期的繁荣。报告发现，由于对未来的预期，包括经济增长不稳定和治理受到侵蚀，两国都经历了资源诅咒效应。文章表明，仅共同的愿望和期望就可能带来实质性的政治和经济成果，即使它们明显脱离现实。因此，资源诅咒效应不仅仅是自然禀赋物质开采的产物。在初级商品价格极度波动，以及相对容易获得投资资本和信贷来支持投机活动（进而刺激资源炒作）的情况下，越来越多的国家可能会在不开采自然资源的情况下遭受资源诅咒的恶性影响。
Many resource-rich countries have experienced a range of negative economic and political effects from natural resource extraction, often lumped together as the ‘resource curse’. This article investigates to what extent expectations of future natural resource booms in Sao Tome e Principe and Madagascar led to ‘resource curse’ effects, even though these countries did not experience the expected booms. It finds that both countries experienced resource curse effects as a result of future expectations, including volatile economic growth and eroded governance. The article demonstrates that shared aspirations and expectations alone may make for material political and economic outcomes even when they become visibly divorced from reality. Thus, there is much more to resource curse effects than simply the product of the material extraction of natural endowments. At a time of extremely volatile prices for primary commodities, and the relatively easy availability of investment capital and credit to support speculative ventures that in turn incentivize resource hype, it is likely that a growing number of countries may suffer the malign effects of a resource curse without natural resource extraction.