Prosperity's Promise The Amazon River Boom and Distorted Economic Development

About this book

This study provides the first integrative economic analysis of one of Latin Americas most explosive natural resource export booms. The authors combine economic and geographical perspectives to build persuasive theoretical and empirical arguments linking micro- and macroeconomic processes and to explain the key features and outcomes of the boom. They conclude by laying out the essential lessons learned for assessing the role of resource extraction in developing regional economies. This study provides the first integrative economic analysis of one of Latin Americas most explosive natural resource export booms. The authors combine economic and geographical perspectives to build persuasive theoretical and empirical arguments linking micro- and macroeconomic processes and to explain the key features and outcomes of the boom. They conclude by laying out the essential lessons learned for assessing the role of resource extraction in developing regional economies.

Contents

Introduction; The Organization And Performance Of The Wild Rubber Industry In Amazonia; Models of the Industrial Organization of Extractive Activities; Rubber Industry Characteristics: Markets, Extraction, and Trade; Rubber Industry Conduct: From Endowments to Relations and Returns; The Performance of the Wild Rubber Industry Revisited; Taking Stock: Lessons and Challenges of the Wild Rubber Industry; Investment, The State, And Dutch Disease In The Amazon Rubber Economy; Theories of Amazonian Underdevelopment; Patterns of Private Investment During the Rubber Boom; The State and Rubber Riches; The Rubber Boom and Amazonian Development: Lessons and Legacies; Reflections on the Study of Natural Resource and Development Outcomes

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