PUP-4203 Lecture Notes - Lecture 13: Keystone Pipeline, Petroleum Product, Dutch Disease
Document Summary
Concepts: the resource curse, outer-coninental shelf, corporate social responsibility, eiti, greenwashing. The resource curse is a general observaion: countries that are richly endowed with natural resources have slower rates of economic growth and governance problems. More reliant of natural resources the slower the economic growth. Value of money goes up, the rest of the exports within the netherlands had troubles to get their goods and bring them to market. Exchange rate went up: economic specializaion that crowds out other economic sectors of the economy, in developing countries, agriculture is the other sector. Be the person to be in charge and you can repress others: foreign meddling : other countries become reliant on the cheap oil you"re providing them, they might direct your country in a way that may not promote democracy. The area around a country, extending into the ocean, beyond the point where the state controls oil and mineral rights.
