Oil Booms and Business Busts
Subtitle: Why Resource Wealth Hurts Entrepreneurs in the Developing World
Publisher: Oxford University Press, Incorporated
Published: 2016
Language: eng
Number of pages: 224
ISBN-13: 9780190490218
Subjects: Natural resources, developing countries; Petroleum industry and trade, developing countries; Entrepreneurship; Economic development; Industrial policy, developing countries
Description: Despite the vast riches that oil brings to a nation, many oil-producing countries struggle with economic volatility and are unable to promote diversification-what is often referred to as the 'resource curse' phenomenon. This text provides a new way of thinking about the developmental challenges associated with oil by centering on how policy makers in these countries have approached the business environment for private firms and entrepreneurs.