{"id":{"repo_id":"mit","oai_identifier":"oai:dspace.mit.edu:1721.1/65806"},"canonical_url":"https://search.dev.ndltd.org/etd/mit/oai:dspace.mit.edu:1721.1/65806","repository":{"repo_id":"mit","name":"MIT","base_url":"https://dspace.mit.edu/oai/request"},"display":{"title":"Curse or blessing? : challenges of commodity-based economies","abstract":"The idea that massive natural resource endowments would lead countries to weak economic growth and development is counterintuitive. Oil, gas, copper, gold or other resource riches should, at least in theory, spearhead countries with such natural wealth to growth that parallels non-commodity-based economies and help them achieve high-income status. This has not been the case for majority of the endowed countries particularly in North Africa, the Middle East and Latin America. With few exceptions, such as Norway, Botswana, Chile or Australia, the resources proved to be a curse. I begin with a survey of previous academic literature and research on the effects of natural resources on a given country's economic, social and political development. I then move to exploring the many challenges and pitfalls faced by resource-based economies. Such concepts as the Dutch Disease, Rentier State, Governance and Corruption are discussed. In the final section, outline different methods of the resource curse management by first exploring monetary and fiscal policies, and later touching upon the issues of responsible governance. I conclude by proposing a multi-step framework for resource management.","abstract_html":"The idea that massive natural resource endowments would lead countries to weak economic growth and development is counterintuitive. Oil, gas, copper, gold or other resource riches should, at least in theory, spearhead countries with such natural wealth to growth that parallels non-commodity-based economies and help them achieve high-income status. This has not been the case for majority of the endowed countries particularly in North Africa, the Middle East and Latin America. With few exceptions, such as Norway, Botswana, Chile or Australia, the resources proved to be a curse. I begin with a survey of previous academic literature and research on the effects of natural resources on a given country's economic, social and political development. I then move to exploring the many challenges and pitfalls faced by resource-based economies. Such concepts as the Dutch Disease, Rentier State, Governance and Corruption are discussed. In the final section, outline different methods of the resource curse management by first exploring monetary and fiscal policies, and later touching upon the issues of responsible governance. I conclude by proposing a multi-step framework for resource management.","abstract_has_math":false,"creators":["Kasprzyk, Damian, S.M. Massachusetts Institute of Technology"],"institution":"Massachusetts Institute of Technology","degree_name":null,"degree_level":null,"degree_discipline":null,"degree_department":"Sloan School of Management.","school":null,"contributors":[],"advisors":["Roberto Rigobon."],"committee_chairs":[],"committee_members":[],"year":2011,"date_issued":"2011","date_published":"2011","updated_at":"2026-07-22T22:20:47Z","subjects":["Sloan School of Management."],"languages":["eng"],"rights":["M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission."],"rights_urls":["http://dspace.mit.edu/handle/1721.1/7582"],"identifier_entries":[]},"links":{"outbound_url":"http://hdl.handle.net/1721.1/65806","outbound_label":"Handle","outbound_source":"dc:identifier.uri"},"metadata_groups":[{"id":"people","label":"People","entries":[{"key":"dc:contributor.advisor","label":"Advisor","values":["Roberto Rigobon."]},{"key":"dc:contributor.department","label":"Department","values":["Sloan School of Management."]},{"key":"dc:contributor.other","label":"Dc Contributor Other","values":["Sloan School of Management."]},{"key":"dc:creator","label":"Author","values":["Kasprzyk, Damian, S.M. 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They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission."]},{"key":"dc:rights.uri","label":"Rights URI","values":["http://dspace.mit.edu/handle/1721.1/7582"]}]},{"id":"identifiers","label":"Identifiers","entries":[{"key":"dc:identifier.uri","label":"Identifier URI","values":["http://hdl.handle.net/1721.1/65806"]}]},{"id":"additional","label":"Additional Metadata","entries":[{"key":"dc:description","label":"Description","values":["Thesis (S.M.)--Massachusetts Institute of Technology, Sloan School of Management, 2011.","Cataloged from PDF version of thesis.","Includes bibliographical references (p. 68-70)."]},{"key":"dc:description.abstract","label":"Abstract","values":["The idea that massive natural resource endowments would lead countries to weak economic growth and development is counterintuitive. Oil, gas, copper, gold or other resource riches should, at least in theory, spearhead countries with such natural wealth to growth that parallels non-commodity-based economies and help them achieve high-income status. This has not been the case for majority of the endowed countries particularly in North Africa, the Middle East and Latin America. With few exceptions, such as Norway, Botswana, Chile or Australia, the resources proved to be a curse. I begin with a survey of previous academic literature and research on the effects of natural resources on a given country's economic, social and political development. I then move to exploring the many challenges and pitfalls faced by resource-based economies. Such concepts as the Dutch Disease, Rentier State, Governance and Corruption are discussed. In the final section, outline different methods of the resource curse management by first exploring monetary and fiscal policies, and later touching upon the issues of responsible governance. I conclude by proposing a multi-step framework for resource management."]},{"key":"dc:description.degree","label":"Dc Description Degree","values":["S.M."]},{"key":"dc:title","label":"Title","values":["Curse or blessing? : challenges of commodity-based economies"]}]}],"canonical_facts":{"dc:contributor.advisor":["Roberto Rigobon."],"dc:contributor.department":["Sloan School of Management."],"dc:contributor.other":["Sloan School of Management."],"dc:creator":["Kasprzyk, Damian, S.M. 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I begin with a survey of previous academic literature and research on the effects of natural resources on a given country's economic, social and political development. I then move to exploring the many challenges and pitfalls faced by resource-based economies. Such concepts as the Dutch Disease, Rentier State, Governance and Corruption are discussed. In the final section, outline different methods of the resource curse management by first exploring monetary and fiscal policies, and later touching upon the issues of responsible governance. I conclude by proposing a multi-step framework for resource management."],"dc:description.degree":["S.M."],"dc:identifier.uri":["http://hdl.handle.net/1721.1/65806"],"dc:language.iso":["eng"],"dc:publisher":["Massachusetts Institute of Technology"],"dc:rights":["M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission."],"dc:rights.uri":["http://dspace.mit.edu/handle/1721.1/7582"],"dc:subject":["Sloan School of Management."],"dc:title":["Curse or blessing? : challenges of commodity-based economies"],"dc:type":["Thesis"]},"updated_at":"2026-07-22T22:20:47Z"}