Format:
1 Online-Ressource (xvi, 237 pages)
,
digital, PDF file(s)
ISBN:
9780511510359
Series Statement:
Political economy of institutions and decisions
Content:
Scholars have long studied how institutions emerge and become stable. But why do institutions sometimes break down? In this book, Michael L. Ross explores the breakdown of the institutions that govern natural resource exports in developing states. He shows that these institutions often break down when states receive positive trade shocks - unanticipated windfalls. Drawing on the theory of rent-seeking, he suggests that these institutions succumb to a problem he calls 'rent-seizing' - the predatory behavior of politicians who seek to supply rent to others, and who purposefully dismantle institutions that restrain them. Using case studies of timber booms in Indonesia, Malaysia and the Philippines, he shows how windfalls tend to trigger rent-seizing activities that may have disastrous consequences for state institutions, and for the government of natural resources. More generally, he shows how institutions can collapse when they have become endogenous to any rent-seeking process
Content:
1. Introduction: Three Puzzles -- 2. The Problem of Resource Booms -- 3. Explaining Institutional Breakdown -- 4. The Philippines: The Legal Slaughter of the Forests -- 5. Sabah, Malaysia: A New State of Affairs -- 6. Sarawak, Malaysia: An Almost Uncontrollable Instinct -- 7. Indonesia: Putting the Forests to "Better Use" -- 8. Conclusion: Rent Seeking and Rent Seizing
Note:
Title from publisher's bibliographic system (viewed on 05 Oct 2015)
Additional Edition:
ISBN 9780521791670
Additional Edition:
ISBN 9781107404816
Additional Edition:
Print version ISBN 9780521791670
Language:
English
DOI:
10.1017/CBO9780511510359
URL:
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