Oil Wealth and the "Big Push"

1982 ◽  
Vol 60 (5) ◽  
pp. 1183
Author(s):  
Albert O. Hirschman ◽  
Jahangir Amuzegar
Keyword(s):  
Oil Wealth ◽  
Big Push

Oil wealth paradox and its implication for sustainable development in Angola and Nigeria

2018 ◽  
Vol 5 (1) ◽  
pp. 85-106
Author(s):  
Victor Ojakorotu ◽  
Richard Kamidza ◽  
Segun Eesuola
Keyword(s):  
Sustainable Development ◽  
Oil Wealth

Arab Trade and Free Trade: A Preliminary Analysis

1999 ◽  
Vol 31 (1) ◽  
pp. 3-17 ◽  
Author(s):  
Ali A. Bolbol
Keyword(s):  
Free Trade ◽  
Preliminary Analysis ◽  
Political Instability ◽  
Mineral Resources ◽  
Industrial Base ◽  
Oil Wealth

It would not have been wrong to argue twenty years ago that a united Arab economy would most likely be represented by the economies of Algeria and Iraq. Such an economy would have been characterized as having a promising industrial base, a viable agriculture, and a wealth of oil and mineral resources. From today';s viewpoint, of course, choosing these two countries could not have been more unfortunate. Algeria is in a state of siege that is keeping its economy hostage to political-military considerations, and Iraq's economy, after two wars and an embargo, is in a state of meltdown, to say the least. As a result, today's unqualified image of the Arab economy in general is that of wasted oil wealth, poverty, and political instability.

Balanced Growth, Destabilizers, and the Big Push

1960 ◽  
Vol 12 (3) ◽  
pp. 468-477
Author(s):  
Bert F. Hoselitz
Keyword(s):  
Balanced Growth ◽  
Big Push

Oil Wealth, Post-conflict Elections, and Postwar Peace Failure

2015 ◽  
Vol 61 (5) ◽  
pp. 1021-1045 ◽  
Author(s):  
Eric Keels
Keyword(s):  
Civil War ◽  
Civil Wars ◽  
Economic Factors ◽  
Factors Associated ◽  
Post Conflict ◽  
Oil Revenue ◽  
Oil Wealth ◽  
New Research

New research has emerged that suggests there is a troubling relationship between elections and civil wars; primarily, elections increase the risk of civil war recurrence. I investigate this relationship further by examining the economic factors associated with the connection between postwar elections and peace failure. Specifically, how does the presence of oil wealth impact the risk posed by postwar elections. Drawing on previous findings in the democratization literature, I suggest the immobility of oil wealth dramatically increases the stakes associated with postwar elections. As postwar elites use irregular electioneering to consolidate their control of oil revenue, it increases the incentives for postwar opposition to use violence as a means to achieve their objectives. Using post-civil war data from 1945 to 2005, I demonstrate that postwar elections that occur in oil-rich economies dramatically decrease the durability of postwar peace. Once controlling for petro elections, though, I demonstrate that subsequent postwar elections actually increase the durability of postwar peace.

The Big Push Déjà Vu: A Review of Jeffrey Sachs's The End of Poverty: Economic Possibilities for Our Time

2006 ◽  
Vol 44 (1) ◽  
pp. 96-105 ◽  
Author(s):  
William Easterly
Keyword(s):  
New York ◽  
Development Economics ◽  
Large Scale ◽  
The Poor ◽  
World Poverty ◽  
Incentive Problems ◽  
The 1950S ◽  
Déjà Vu ◽  
Big Push ◽  
Made In

Jeffrey Sachs's new book (The End of Poverty: Economic Possibilities for Our Time, Penguin Press: New York, 2005) advocates a “Big Push” featuring large increases in aid to finance a package of complementary investments in order to end world poverty. These recommendations are remarkably similar to those first made in the 1950s and 1960s in development economics. Today, as then, the Big Push recommendation overlooks the unsolvable information and incentive problems facing any large-scale planning exercise. A more promising approach would be to design incentives for aid agents to implement interventions piecemeal whenever they deliver large benefits for the poor relative to costs.

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