Guy Michaels roundtable discussion guest.

Sitting on a gold mine - but why do some countries rich in precious metals, stones or oil struggle to reap the benefits? An abundance of natural resources can bring great prosperity, but it can also have the opposite effect – weaker economies and democracies - and less development. It’s the paradox of plenty, also known as the ‘resource curse’. At the Roundtable was Leif Wenar, author of ‘Blood Oil: Tyrants, Violence, and the Rules that Run the World’; Guy Michaels, associate professor of Economics at London School of Economics; and Chiara Ravetti, researcher in Resource rich economies at the University of Oxford.

https://www.youtube.com/watch?v=Xzi-L7niC0I&list=PLUW304lJeu3Wq792ZuY62Cq7gWzbygo5F&index=1

Related publications

• The Long Term Consequences of Resource-Based Specialisation

Guy Michaels

Economic Journal, March 2011, 121(551): 31-57

(previously CEP DP: https://ideas.repec.org/p/cep/cepdps/dp0766.html)

• Do Giant Oilfield Discoveries Fuel Internal Armed Conflicts?

Guy Michaels with Yu-Hsiang Lei

Journal of Development Economics, September 2014, 110: 139-157

(previously CEP DP: https://ideas.repec.org/p/cep/cepdps/dp1089.html)

• Do Oil Windfalls Improve Living Standards? Evidence from Brazil

Guy Michaels with Francesco Caselli

American Economic Journal: Applied Economics, January 2013, 5(1): 208-238

(previously CEP DP: https://ideas.repec.org/p/cep/cepdps/dp0960.html)

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