Contrary to expectations, growth in some economies falls after an oil or gas discovery. Economists James Cust and David Mihalyi explore the reasons for such failures and outline what officials can do to prevent them. getAbstract recommends this notable research to bankers and investors considering doing business in resource-rich countries that may lack the political and governing vigor to make those discoveries a blessing and not a curse.
About the Authors
James Cust is an economist at the World Bank. David Mihalyi is an economist at the Natural Resource Governance Institute.