While openness to trade is a well-recognized hallmark of the Asian growth model, another component of the model is a leapfrogging strategy - the use of policies to guide industrial structural transformation ahead of a country's factor endowment. Does the leapfrogging strategy work? Opinions vary...

Cover -- Table of Contents -- Preface -- Acknowledgments -- Introduction -- Natural Resources and Economic Performance -- Declining Terms of Trade -- Commodity Price Volatility -- Resource Pulls and Crowding Out -- Dutch Disease -- Assessing the Resource Curse -- Conclusion -- Natural Resources...