The Resource Curse in the context of "Socialism of the 21st Century"
How Governance in Venezuela and Ecuador Influences the Transfer of National Resource Wealth into Economic Development
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The thesis examines the socioeconomic challenges faced by Ecuador and Venezuela since the influx of oil revenues in the 1970s, highlighting the resource curse theory as a key explanation for their minimal economic growth and political instability. It analyzes governance trends in both countries, particularly under left-oriented governments, using World Bank indicators. The findings suggest that these governments have not effectively addressed the resource curse, leading to a decline in good governance and reinforcing negative economic conditions. This trend appears to be consistent across both nations.
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The Resource Curse in the context of "Socialism of the 21st Century", Anonymus
- Language
- Released
- 2011
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- Title
- The Resource Curse in the context of "Socialism of the 21st Century"
- Subtitle
- How Governance in Venezuela and Ecuador Influences the Transfer of National Resource Wealth into Economic Development
- Language
- English
- Authors
- Anonymus
- Publisher
- GRIN Verlag
- Publisher
- 2011
- Format
- Paperback
- ISBN13
- 9783640975037
- Category
- Political Science / Politics
- Description
- The thesis examines the socioeconomic challenges faced by Ecuador and Venezuela since the influx of oil revenues in the 1970s, highlighting the resource curse theory as a key explanation for their minimal economic growth and political instability. It analyzes governance trends in both countries, particularly under left-oriented governments, using World Bank indicators. The findings suggest that these governments have not effectively addressed the resource curse, leading to a decline in good governance and reinforcing negative economic conditions. This trend appears to be consistent across both nations.