Effects of institutions on managing natural resources

서울대학교 중앙도서관

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Effects of institutions on managing natural resources

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Keywords: 경제 성장 ; 자원의 저주 ; 자원의 운용 ; 제도의 질 ; Most resource abundant countries are divided into two groups ; countries that cursed by resource or blessed by resources. Are some destined to suffer ; while others are blessed? I suggest that the reason why these problems happen is because of institutional quality. Countries with bad institutions people depend negatively on natural resources ; while countries with good institutions depend positively on natural resources so that they could develop rapidly. In this thesis ; I present a relationship between economic growth ; resource abundance and institutional quality by in Latin America and the Caribbean(LAC). In the 70s resource boom ; LAC failed to manage natural resources. However with the good institutions and improved economic policies ; LAC used natural resources wisely in the 2000s resource boom achieving economic growth. I focus on the case of Chile to elaborate the relationship between economic growth ; resource abundance and institutions and figure out effects of institutions on managing natural resources.My study suggests on Korea investigating development and exploitation of natural resources and energy and shows the ways to invest in natural resources and energy of Latin American countries.

URI: https://hdl.handle.net/10371/157268

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