scholarly journals Is the Resource Curse Thesis Affect Only Least Developed Countries? Examples from Resource-Rich Developed Countries

2021 ◽  
Author(s):  
Harun Bal ◽  
Berk Palandökenlier
Keyword(s):  
Natural Resources ◽  
Resource Curse ◽  
Economic Recession ◽  
Developed Countries ◽  
The United States ◽  
Dutch Disease ◽  
Least Developed Countries ◽  
Negative Effects ◽  
Developed Country ◽  
Indirect Transmission

Whether the Dutch Disease thesis, which is one of the best-known economic explanations on this subject, which puts forward the thesis that countries rich in natural resources can have negative effects on long-term economic growth, directly or indirectly, depending on the way they are used, is valid or not. tried to be demonstrated. The Dutch disease thesis is one of the main explanations for resource misfortune, emphasizing the negative effects of resource abundance on the national economy in countries with rich resource endowments and pointing to a paradox that economic conditions will be better in countries that do not have relatively little (or scarce) natural resources. is happening. Therefore, in our study, it is aimed to investigate whether resource richness causes an economic recession or not, especially for developed countries by considering indirect transmission channels. In this context, 11 developed countries such as Netherlands, Norway, Ireland, Germany, New Zealand, the United States of America, Canada, Australia, Poland, the United Kingdom, and Denmark, between 1990 and 2019, are based on the experiences of developed countries, which are especially rich in different sources of Dutch Disease syndrome. The country has been researched with static and dynamic panel analysis methods. As a result of the estimation, findings were found that the Dutch Disease was partially valid in terms of developed country samples throughout the sample period considered.

Australia—The Hidden Jewel

2018 ◽  
Author(s):  
Mahesh K. Joshi ◽  
J.R. Klein
Keyword(s):  
Natural Resources ◽  
Value Chain ◽  
Global Economy ◽  
Good Governance ◽  
Developing Economies ◽  
Raw Materials ◽  
Manufacturing Sector ◽  
Developed Countries ◽  
The United States ◽  
Dutch Disease

The twenty-first century is being touted as the Asian century. With its stable economy, good governance, education system, and above all the abundant natural resources, will Australia to take its place in the global economy by becoming more entrepreneurial and accelerating its rate of growth, or will it get infected with the so-called Dutch disease? It has been successful in managing trade ties with fast-developing economies like China and India as well as developed countries like the United States. It has participated in the growth of China by providing iron ore and coal. Because it is a low-risk country, it has enabled inflow of large foreign capital investments. A lot will depend on its capability and willingness to invest the capital available in entrepreneurial ventures, its ability to capture the full value chain of natural resources, and to export the finished products instead of raw materials, while building a robust manufacturing sector.

Conclusion

2017 ◽  
Author(s):  
Jonathon W. Moses ◽  
Bjørn Letnes
Keyword(s):  
Natural Resources ◽  
Resource Curse ◽  
Specific Model ◽  
Dutch Disease ◽  
Political Conditions

There is broad recognition that Norway manages its natural resources successfully. Policymakers are flocking to Norway to try to learn the lessons provided by the Norwegian model. This book describes the main challenges facing policymakers in resource-rich states (e.g., Dutch Disease, Resource Curse, Paradox of Plenty), and the sort of institutional solutions and policies that are available to them. We explain why the Norwegian authorities chose the solutions they did, and how these choices have changed over the years, in response to changing market and political conditions. The result is a book that offers insight and understanding as to why the country made the choices it did, rather than providing a specific model for export.

scholarly journals Globalization Impact on Multinational Enterprises

World ◽  
2021 ◽  
Vol 2 (2) ◽  
pp. 216-230
Author(s):  
Justine Kyove ◽  
Katerina Streltsova ◽  
Ufuoma Odibo ◽  
Giuseppe T. Cirella
Keyword(s):  
Developing Country ◽  
Multinational Enterprises ◽  
Developed Countries ◽  
Global Market ◽  
Data Availability ◽  
Negative Effects ◽  
Developed Country ◽  
Excellent Starting Point ◽  
Starting Point ◽  
The Impact

The impact of globalization on multinational enterprises was examined from the years 1980 to 2020. A scoping literature review was conducted for a total of 141 articles. Qualitative, quantitative, and mixed typologies were categorized and conclusions were drawn regarding the influence and performance (i.e., positive or negative effects) of globalization. Developed countries show more saturated markets than developing countries that favor developing country multinational enterprises to rely heavily on foreign sales for revenue growth. Developed country multinationals are likely to use more advanced factors of production to create revenue, whereas developing country multinationals are more likely to use less advanced forms. A number of common trends and issues showed corporate social responsibility, emerging markets, political issues, and economic matters as key to global market production. Recommendations signal a strong need for more research that addresses contributive effects in the different economies, starting with the emerging to the developed. Limitations of data availability and inconsistency posed a challenge for this review, yet the use of operationalization, techniques, and analyses from the business literature enabled this study to be an excellent starting point for additional work in the field.

Towards a More Gender-Inclusive Climate Change Policy

2018 ◽  
pp. 354-369
Author(s):  
Farah Kabir
Keyword(s):  
Climate Change ◽  
Gender Equality ◽  
Gender Gap ◽  
Developed Countries ◽  
Point Of View ◽  
Least Developed Countries ◽  
Negative Effects ◽  
Humanitarian Response ◽  
Change Policy ◽  
And Gender

Climate change is a reality, and poses a serious long term threat to society and to the environment. Much has been written on the negative effects of climate change across the globe focusing on the greater vulnerability of least developed countries and developing countries. Numerous studies back up the argument that “countries that are most vulnerable to the effects of climate change tend to be poorer with a wider gender gap. In contrast, countries that rank high in environmental performance and gender equality, are among the richest nations of the world” (Samy, 2011, p. 100). Women are often denied of their basic rights due to discriminatory social practices and gender blind policies. Impacts of climate change affect life and livelihood of women, and diverse work responsibilities of women augment their exposure to climate hazards. Due to less access or rights to financial and productive resources, information and services that may help them cope with impacts of stresses and shocks, are not present as a result of the gaps in policies, development agendas, thus leaving women in a greater vulnerable condition. Primarily, these are the reasons slowing the progress on achieving overall gender equality. The objective of this paper is to look at the Post 2015 Arrangements. These are numerous international frameworks and agreements ie SFDRR, SDG and the Paris Agreement, that will determine sustainable development for humanitarian response and climate politics as well as policies for the next fifteen years. They focus on development from a climate change and gender equality point of view, in particular how the policies are enabling ‘gender equality', taking common but differentiated responsibilities, and equity, justice and fairness as principles.

Towards a More Gender-Inclusive Climate Change Policy

2018 ◽  
pp. 855-870
Author(s):  
Farah Kabir
Keyword(s):  
Climate Change ◽  
Gender Equality ◽  
Gender Gap ◽  
Developed Countries ◽  
Point Of View ◽  
Least Developed Countries ◽  
Negative Effects ◽  
Humanitarian Response ◽  
Change Policy ◽  
And Gender

Climate change is a reality, and poses a serious long term threat to society and to the environment. Much has been written on the negative effects of climate change across the globe focusing on the greater vulnerability of least developed countries and developing countries. Numerous studies back up the argument that “countries that are most vulnerable to the effects of climate change tend to be poorer with a wider gender gap. In contrast, countries that rank high in environmental performance and gender equality, are among the richest nations of the world” (Samy, 2011, p. 100). Women are often denied of their basic rights due to discriminatory social practices and gender blind policies. Impacts of climate change affect life and livelihood of women, and diverse work responsibilities of women augment their exposure to climate hazards. Due to less access or rights to financial and productive resources, information and services that may help them cope with impacts of stresses and shocks, are not present as a result of the gaps in policies, development agendas, thus leaving women in a greater vulnerable condition. Primarily, these are the reasons slowing the progress on achieving overall gender equality. The objective of this paper is to look at the Post 2015 Arrangements. These are numerous international frameworks and agreements i.e. SFDRR, SDG and the Paris Agreement, that will determine sustainable development for humanitarian response and climate politics as well as policies for the next fifteen years. They focus on development from a climate change and gender equality point of view, in particular how the policies are enabling ‘gender equality', taking common but differentiated responsibilities, and equity, justice and fairness as principles.

A Process Model for Successful E-Government Adoption in the Least Developed Countries

2012 ◽  
pp. 341-369
Author(s):  
Ahmed Imran ◽  
Shirley Gregor
Keyword(s):  
Public Sector ◽  
Process Model ◽  
Developed Countries ◽  
Theoretical Development ◽  
Least Developed Countries ◽  
Developed Country ◽  
The Public ◽  
Key Stakeholders ◽  
Information And Communication ◽  
High Level

Least developed countries (LDCs), have been struggling to find a workable strategy to adopt information and communication technology (ICT) and e-government in their public sector organizations. Despite a number of high-level initiatives at national and international levels, the progress is still unsatisfactory in this area. Consequently, the countries are failing to keep pace in the global e-government race, further increasing the digital divide. This chapter reports on an exploratory study in a least developed country, Bangladesh, involving a series of focus groups and interviews with key stakeholders. A lack of knowledge and entrenched attitudes and mindsets are seen as the key underlying contributors to the lack of progress. The analysis of the relationships among the major barriers to progress led to a process model, which suggests a pathway for e-government adoption in an LDC such as Bangladesh. The chapter introduces important directions for the formulation of long-term strategies for the successful adoption of ICT in the public sector of LDCs and provides a basis for further theoretical development.

Are We All Compressed Developers?

2020 ◽  
pp. 205-229
Author(s):  
D. Hugh Whittaker ◽  
Timothy J. Sturgeon ◽  
Toshie Okita ◽  
Tianbiao Zhu
Keyword(s):  
United States ◽  
Developed Countries ◽  
The United States ◽  
Developed Country ◽  
Developed Economies ◽  
Socioeconomic Changes ◽  
Rise Of China ◽  
The Rise Of China ◽  
Red Queen Effect ◽  
Queen Effect

Compressed-development influences increasingly flow from developing to developed countries. Reversing our lens to look at the United States and Japan, we observe that the technological and organizational changes that have spurred compressed development in recent developers are also responsible for changes in industry structure, rising inequality, and employment duality in developed economies. A ‘Red Queen’ effect sees developed countries running faster and undertaking parallel socioeconomic changes to stay in the same privileged place. In some ways ‘we are all compressed developers now’. Looking ahead, and returning to our dyadic pairs, the chapter further considers how the ‘digital economy’ may affect developing–developed country interrelations, and whether we are finally entering an age of ‘great convergence’ with the rise of China and a more multipolar economic and geopolitical structure.

An institution-based view of firms’ early internationalization

2019 ◽  
Vol 36 (6) ◽  
pp. 911-954 ◽  
Author(s):  
Farhad Uddin Ahmed ◽  
Louis Brennan
Keyword(s):  
New Ventures ◽  
Critical Role ◽  
Developed Countries ◽  
Bank Loans ◽  
International Expansion ◽  
Least Developed Countries ◽  
Developed Country ◽  
Content Type ◽  
Early Internationalization ◽  
Regulatory Policies

Purpose The purpose of this paper is to examine the differential effects of national export promotion policies (EPPs) on firms’ early internationalization using the institution-based view (IBV) as our theoretical foundation. Early or speedy internationalization is an important topic for academics, executives and policy makers. However, the effect of the regulatory dimension of institutions incorporating governmental policies on firms’ early internationalization remains unexplored in the literature. Design/methodology/approach The study was survey-based and the authors engaged in quantitative analysis using data drawn from the apparel industry in a least-developed country (LDC), i.e. Bangladesh. The authors employed 174 valid questionnaires in the analysis. To test the proposed hypotheses, an ordered-logistic regression modeling technique was used. Findings The findings reveal a positive effect of those national policies focusing on market development, guarantee-related and technical support schemes. Two individual elements of direct finance-related assistance, namely, bank loans and cash subsidy are also found to be influential. Originality/value The study contributes to the literature and extends the IBV by establishing that the industry-specific regulatory policies designed by home country governments can play a critical role in international expansion of new ventures from an LDC. In particular, the study established the critical role of national EPPs in driving firms’ early internationalization and thereby, contributing to the international marketing and international entrepreneurship (IE) literature. Least-developed countries provide different institutional environments for entrepreneurship. They thus provide an atypical context within the field of IE. By incorporating sample firms from an LDC, the authors address the knowledge gap related to those countries. The implications of the authors’ findings for national and enterprise development policies are also considered.

scholarly journals The development of orthopaedic appliances and low cost aids in “least developed countries”

1985 ◽  
Vol 9 (2) ◽  
pp. 83-86 ◽  
Author(s):  
A. Vossberg
Keyword(s):  
Low Cost ◽  
Developed Countries ◽  
New Order ◽  
Industrialized Countries ◽  
Least Developed Countries ◽  
Developed Country ◽  
Practical Applications ◽  
Transfer Of Technology ◽  
The Disabled ◽  
International Experts

The constant reminder of ever-increasing costs and problems in regard to medical care in industrialized countries highlights the need for simplified, low cost, orthopaedic appliances for use in the non-industrialized areas of the world. Those who are engaged in the field of Orthopaedic Technology should withstand the temptation to propagate unreservedly the technologies of industrialized nations. Nowadays the so-called “non-appropriate technologies” have become the target of frequent criticism. The transfer of technology may offer visible progress in selected areas to a limited number of people but it conceals the danger of ignoring fundamental socio-economic conditions that affect the majority of people. During the United Nations Year of the Disabled, a group of international experts unanimously came to the conclusion that the current cooperation between industrialized and Third World countries requires revision leading to a new order. The consensus demanded a new emphasis on the development of technical orthopaedic services which would take into account the unique economic, social, cultural and environmental factors of each region. This paper examines the practices of technical orthopaedics in a “least developed country” and lays down principles and practical applications which could serve as a foundation for a more appropriate approach in this field.

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