Donor interest in the extractives sector is based upon the premise that it represents an opportunity to improve a country’s development prospects. However, in many cases the presence of extractive resources is associated with poor economic performance. As a result, some donors are trying a...

This paper attempts to provide a probable answer to a longstanding resource curse puzzle; i.e., why resource-rich nations grow at a slower rate compared to less fortunate ones. Using an innovative threshold estimation technique, the empirical results reveal that there is a threshold effect in the...

In recent years economists have recognized that, along with physical and human capital, environmental resources should be viewed as important economic assets, which can be called natural capital. However, the services provided by natural capital are unique. They include the use of resources for...

This paper discusses some of the challenges that confront oil - rich developing countries in their development path. These challenges include Dutch disease - related phenomena, macroeconomic volatility, weak governance, and constraints to institutional capacity development, which although are...

This paper provides consideration on sustainable development in postmodern time, which should conduct shaping of social development as well as development of local and global communities. Ensuring sustainability of development is a multilevel process. In particular, that means that...

The concept of sustainable development has been formulated at a time when modern humanity gained the technological means to carry out almost any transformation of the world around us, but, at the same time also got lost in the goals that their actions should serve. This is connected with the...

The study aimed at empirically investigating the influence of Osborne dam on the socio-economic development of ward 23, Makoni District. The research was carried out in three villages Kawadza, Nyatito and Dumba, using both qualitative and quantitative methods. Questionnaire, interviews guide,...

The paper includes presentation and discussion of the results of empirical studies (content analysis) carried out by analysis of the density transfer of the materials published in scientific journal 'Problemy Ekorozwoju/ Problems of Sustainable Development' (PoSD). During five years of...

This paper contributes to the growing political economy literature of within-country natural resources management, by proposing a new resource policy for the oil-rich southern Italian region of Basilicata. The policy proposal is to establish a (regional) wealth fund in which all the royalty...

There are large volumes of gas offshore Tanzania, which has raised hopes of a boom. But those hopes look set to be disappointed. A boom would depend on there being a sizeable flow of revenue to government from producing and exporting gas. This paper sets out the scale of the gas, and the array...