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58271. Resource Abundance and Economic Development: Improving the Performance of Resource-Rich Countries

Author:
Richard M. Auty
Publication Date:
09-1998
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
Since the 1960s the resource-rich developing economies have under-performed compared with the resource-deficient economies. This paper explains why and outlines the reforms that are required in order to achieve environmentally and socially sustainable resource-rich development. It argues that structural change in the resource-rich countries causes the tradeable sector to shrink vis-à-vis the nontradeables sector (that includes protected manufacturing) in a manner that is not sustainable. This adverse trend in the production structure is associated with policies to close the economy and create discretionary rents behind protective barriers that result in the cumulative misallocation of resources. The build-up of produced capital and skills is slower than in the successful resource-deficient countries. Overall, the inherently slower and less egalitarian economic growth trajectory of the resource-rich countries is intensified and the end result is usually a growth collapse. The collapse causes all forms of capital, including institutional, social and natural capital, to run down. Economic reform is therefore protracted and it may take in excess of one generation to restore sustainable rapid growth. The adverse features of resource-rich development tend to be more pronounced in the smaller countries. They are also heightened where the resource rents accrue mainly to the central government, as in the mineral economies and in the slow-reforming transition economies. Successful reform requires not only appropriate macro and micro policies, but also the construction of institutions to limit the scope for governments to misallocate resources. Part of the explanation for the superior performance of the resource-deficient countries is that their spartan endowment of natural capital acts as a constraint on government failure by placing a premium on the need to nurture scarce resources, including skills, institutions and social capital, and to achieve an efficient allocation of capital.
Topic:
Economics, Environment, Government, and International Political Economy

58272. The Role of Knowledge and Capital in Economic Growth

Author:
Sergio Rebelo
Publication Date:
09-1998
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
Starting from the celebrated neoclassical (Solow) model of economic growth, this paper discusses new ideas in growth theory focussing on how to make sustained growth feasible. It first reviews models that broadened the notion of capital to include human capital and the state of technology. These extensions of the neoclassical theory are not very satisfying at a descriptive level because productivity growth is associated with either human or physical capital accumulation in a way that does not interact with the invention of new technologies.
Topic:
Economics and Science and Technology

58273. The Basel Convention And Transboundary Movements Of Hazardous Wastes

Author:
Jonathan Krueger
Publication Date:
05-1998
Content Type:
Working Paper
Institution:
Chatham House
Abstract:
The international community is increasingly turning to the use of multilateral environmental agreements (MEAs) to solve problems of global environmental degradation and transboundary pollution. One of the most important of these MEAs is the 1989 Basel Convention dealing with transboundary movements of hazardous waste. The Convention has been instrumental in helping to eliminate the dumping of industrialized countries' hazardous wastes on developing countries. However, the development of the regime has been slow and it is now tackling the more controversial issue of regulating 'recyclable' hazardous wastes. This briefing paper provides a short guide to the development and current status of the international effort to manage transboundary movements of hazardous wastes.
Topic:
Environment and Globalization

58274. Renewable Energy Investment and Technology Transfer in Asia

Author:
Tim Forsyth
Publication Date:
10-1998
Content Type:
Policy Brief
Institution:
Chatham House
Abstract:
This workshop was arranged by the RIIA under the sponsorship of the New Energy and Industrial Technology Development Organization (NEDO) of Japan to explore ways of increasing international investment in renewable energy technology in Asia. Enhancing renewable energy investment is clearly relevant to global strategies to mitigate climate change. However, the two debates on climate change policy and renewable energy investment have largely remained separate, and characterized by tendencies to discuss large-scale global flows of energy and investment on the one hand, and local development-oriented practice on the other. The workshop attempted to integrate these two debates, and therefore form part of a growing body of knowledge to inform the current climate change negotiations with practical options available to small and large businesses. The workshop had three main aims: to identify the implications of the Kyoto Protocol for international renewable energy investment; to define technology transfer and identify how it may be increased for renewable energy in South and Southeast Asia; to assess what public and private forms of finance could be sought to ensure the success of renewable energy businesses in South and Southeast Asia. The workshop was attended by some 30 industrialists, financiers and renewable energy specialists from around the world. This paper is a summary of the proceedings. In order to encourage frank exchange, the workshop was held under Chatham House Rule of confidentiality and anonymity, so individual speakers are not named.
Topic:
Energy Policy, Environment, and International Trade and Finance
Political Geography:
Asia

58275. Assessing South Africa's Growth Strategy

Author:
Jesmond Blumenfeld
Publication Date:
07-1998
Content Type:
Policy Brief
Institution:
Chatham House
Abstract:
As South Africa approaches its second inclusive elections in 1999, the government's economic record will come under increasing scrutiny. Against widespread expectations of a post-apartheid transformation in economic performance, the country's achievements in output, investment and employment have been profoundly disappointing. The adoption of a new, and more market- and investor-friendly, macroeconomic strategy in 1996 boosted confidence by promising major structural and policy reforms, but this has since been undermined by failure to meet most of the strategy's targets. In this Briefing Paper, Jesmond Blumenfeld analyses the origins, content and outcomes of the strategy as well as the economic and political dilemmas that it has created.
Topic:
Economics and International Political Economy
Political Geography:
South Africa and New Delhi

58276. Media Coverage of Parliament

Author:
Ralph Negrine
Publication Date:
07-1998
Content Type:
Policy Brief
Institution:
Chatham House
Abstract:
The last decade of the 20th century has apparently seen a profound change in the way in which European media handle their reporting of the political process. It is a process which marks an end to the formality and sense of obligation with which parliamentary debates and the activities of individual politicians have traditionally been treated. It has been paralleled by far-reaching changes in the ways in which politicians seek to influence their electorate. This briefing paper summarizes the findings of a comprehensive study that attempts to quantify what these changes in presentation of news and information might really mean.
Topic:
Government and Politics
Political Geography:
Europe

58277. Sierra Leone: Tracing The Genesis Of A Controversy

Author:
Abiodun Alao
Publication Date:
06-1998
Content Type:
Policy Brief
Institution:
Chatham House
Abstract:
Prior to the recent controversy over the transfer of arms, little international attention was devoted to Sierra Leone. Even its civil war, which is at the root of the matter, did not attract any significant attention outside West Africa, despite the fact that it had claimed nearly 50,000 lives. Although its enormous diamond deposits have always attracted some interest, this has been limited to private companies and individual entrepreneurs. Many Sierra Leoneans believe that had there been sustained concern about the predicament of their country, the entire arms controversy might have been avoided. This briefing paper does not, however, attempt to delve into the complexities surrounding the sale of arms to Sierra Leone and deals only tangentially with the role of mercenaries that has been the subject of so much scrutiny. Rather, it traces the major events leading to the civil war that began in March 1991, bringing with it immense suffering for this impoverished nation. This is a tale of intrigue and power struggles that has involved most of the West African region, and has allowed unscrupulous actors from as far afield as South Africa, Britain and the United States to dabble in the affairs of this country. It is a salutary lesson in the lack of concern about the fate of small nations in the post-Cold War era.
Topic:
Conflict Resolution, Democratization, and Politics
Political Geography:
United States and South America

58278. Algeria In Crisis

Author:
George Joffé
Publication Date:
06-1998
Content Type:
Policy Brief
Institution:
Chatham House
Abstract:
The current situation in Algeria is the direct result of a crisis that developed in the wake of the country-wide riots in 1988 and appeared to have been resolved by political and economic reform up to 1992. Despite a brief period of political liberalization — which, in reality was unsuccessfully manipulated by the regime in power to guarantee its own survival — Algeria has been in the grip of a virtual civil war for the past five years. In these circumstances, the behaviour of the regime and of its clandestine opposition have become parallel experiences, despite the gestures towards renewed democratization made in the past two years. The reality for the vast majority of Algerians — with figures for civilian deaths to date ranging from 50,000 to 120,000— is one of constant fear, both of arbitrary arrest and worse from the authorities and of summary and terminal justice from the clandestine opposition. For these circumstances to be properly appreciated, therefore, some knowledge of the events leading up to the contemporary situation is necessary.
Topic:
Conflict Resolution, Politics, and Religion
Political Geography:
Algeria and Hiroshima

58279. The Basel Convention

Author:
Jonathan Krueger
Publication Date:
05-1998
Content Type:
Policy Brief
Institution:
Chatham House
Abstract:
The international community is increasingly turning to the use of multilateral environmental agreements (MEAs) to solve problems of global environmental degradation and transboundary pollution. One of the most important of these MEAs is the 1989 Basel Convention dealing with transboundary movements of hazardous waste. The Convention has been instrumental in helping to eliminate the dumping of industrialized countries' hazardous wastes on developing countries. However, the development of the regime has been slow and it is now tackling the more controversial issue of regulating 'recyclable' hazardous wastes. This briefing paper provides a short guide to the development and current status of the international effort to manage transboundary movements of hazardous wastes.
Topic:
Environment, International Organization, and Science and Technology

58280. The U.K. and Japan

Author:
Haruko Satoh
Publication Date:
05-1998
Content Type:
Policy Brief
Institution:
Chatham House
Abstract:
Among the now G–8 countries, perhaps the most stable political relationship in the past decade or so has been between Britain and Japan. While the two countries do not necessarily rank high in each other's foreign policy priorities, their leaders have always made sure publicly to endorse the growing ties in strong and positive language. Prime Minister Tony Blair used the occasion of his official visit to Tokyo this January to echo Prime Minister Ryutaro Hashimoto's own positive views of the relationship, expressed to Blair at the G–8 summit in Denver. To Hashimoto's 'Britain is a special partner to Japan', Blair confirmed that UK–Japan relations were 'as strong as ever', in line with the remarks of his predecessors, which had ranged from a 'dynamic, plain-speaking partnership', 'strategic partnership' in the post-Cold War era, to 'natural partnership'. Furthermore, compared with Japan's relations with other major European states, specifically France and Germany, the contours of UK–Japan relations seem to stand out more. There is a strong economic relationship between the two. The UK–Japan Action Agenda of September 1996 was the first of its kind to be agreed between Japan and a European state, reflecting Britain's resolve to be the 'outward looking' member in the EU, and to keep ahead in the primarily economic competition for Japanese interest in Europe. Cooperation between the two countries has been credited as the key to success in some post-Cold War multilateral agreements, such as the UN arms register or the recent Kyoto conference on global warming, here reflecting the scope of official cooperation between the two governments. This track record supports the leaders' claims that Britain and Japan are special partners. Nevertheless, there is a sense that the relationship is still bound in the realm of political rhetoric. Neither the positive language nor the track record of achievements can dispel the perception that Europe—Japan relations are the weakest in the trilateral world of Europe, Japan and the United States. The Hague Declaration of 1991 — a document outlining further commitment to cooperation between Japan and the EU — the UK–Japan Action agenda, and the subsequent similar documents between Japan and France or Germany, have only received cursory attention. 2 While UK–Japan relations may be the key to genuinely strengthening Europe—Japan ties, there are issues that need to be addressed to promote further progress.
Topic:
International Relations and Foreign Policy
Political Geography:
Japan, United Kingdom, Malaysia, and Netherlands