Liza Mydin / Abbas Mirakhor / Hossein Askari
Resource Rich Muslim Countries and Islamic Institutional Reforms
- Peter Lang
- 2018
- Gebunden
- 192 Seiten
- ISBN 9781433143519
Resource Rich Muslim Countries and Islamic Institutional Reforms explores the "resource curse," a condition in which a country's abundance of natural resources is negatively linked with the country's development and economic growth, in resource rich Muslim countries. The resource curse puzzle has been studied for over twenty years, with prior researchers looking to prove its existence and explore its causes. Recent studies have begun to indicate institutional failure as a likely cause of the curse, as wealth of resources tends to cause counterproductive behaviors such as rent-seeking, patronage and corruption. The subpar economic performance of resource rich Muslim countries in the Organization of the Islamic Cooperation (OIC) could be attributed to the manifestation of a resource curse.
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