Title: Mineral wealth and economic development /
Authors: Tilton, John E.
Publisher: Resources for the Future ; Distributed worldwide by the Johns Hopkins University Press,
Year: 1992
Subjects: Mineral industries Congresses; Mines and mineral resources Congresses; Balance of payments Congresses.; Economic development Congresses; Mineral industries Developing countries Congresses.; Mines and mineral resources Developing countries Congresses.; Balance of payments Developing countries Congresses.
Contents: Mineral Wealth and Economic Development: An Overview / John E. Tilton. Economic Nationalism and Multinational Mining Companies. The Optimal Pace of Mineral Exploitation. Political Pressures and the Use of Mineral Rents. Linkages with the Rest of the Economy. Conclusion. Reference -- Mining Companies, Economic Nationalism, and Third World Development in the 1990s / Theodore H. Moran. The Sources of Economic Nationalism. The Structural Vulnerability of LDC Mining Investments. Strategies to Offset Investor Vulnerability. Strategies to Manage Political Risk. Use of Project Finance to Offset Political Risk. Conclusion. Acknowledgment. References -- Economic Development and the Timing of Mineral Exploitation / Marian Radetzki. The Fallacies of the Hotelling Rule. Saving for Future Generations. Waiting for an Appropriate Institutional Framework. Deferral to Avoid Depressing Mineral Prices. Delaying Projects to Strengthen Monopoly Profits. Summary. Acknowledgments. References.