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Natural Resources and Economic
Development
intends to explore the contribution of natural resources
to economic development. The main geographical focus
will be on the so-called "developing world", i.e. the
low and middle-income countries of Africa, Asia and
Latin America. There has been increased interest in the
application of natural resource economics in these
countries, now that it has been recognized that the
environment is not a "luxury" for economic development
but contains natural "capital" fundamental to growth and
development in poorer economies. Although there is now a
growing literature on environmental and resource
economics, most texts and monographs do not address the
role of natural resources in economic development in
much detail if at all. Moreover, the environmental
problems faced by developing countries are considerably
different than those occurring in industrialized
economies. Many rural populations depend on the direct
exploitation of natural resources, for agriculture,
livestock raising, fishing, basic materials and fuel,
both to meet their own subsistence requirements as well
as to sell in markets for cash income. The lack of basic
water supply, sanitation and other infrastructure
services suggests that increased public provision of
resource-based services is highly valued by many
households. Rapid land use change has meant that many
natural environments and habitats are disappearing
quickly, with the result that critical ecological
resources and functions are being disrupted or lost.
Growing populations have further increased the demand
for natural resource use and conversion. Finally, for
many low and middle-income economies resource-based
development and primary commodity exports are the main
engines for growth and long-term development. These
issues will be the focus of the proposed book on the
economics of natural resources and development.
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