The Responsibility of Resource Wealth: The Impact of Governance on HDI and GDP per Capita in Resource Rich Developing Countries

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2009
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Haverford College. Department of Economics
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Thesis
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Award
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eng
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Open Access
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Abstract
The resource curse is a well documented economic theory that looks to explain why developing countries, abundant with natural resources, have historically struggled to achieve sustainable development. My thesis examines this phenomenon by focusing on the role that governance plays in determining both human and economic development. To measure quality of governance my research isolates two variables: voice and accountability as well as control of corruption. Combining these governance indicators with other economic indicators my thesis concludes that while changes in economic variables can push human and economic development in different directions, changes in quality of governance will guide both forms of development in the same direction.
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