The Resource Curse in Timor-Leste
Bibliographic Data
| ID | 11313304 |
|---|---|
| Authors | Charles Scheiner (0000-0002-3796-049X, Universidade da Paz, corresponding author) |
| Year | 2022 |
| Pages | 477-518 |
| Publication date | 2022-07-29 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Estudios de Asia y África (JOURNAL) |
| Journal identifiers | ISSN: 0185-0164 • E-ISSN: 2448-654X |
| Publisher | El Colegio de Mexico, A.C (PUBLISHER) |
| DOI | 10.24201/eaa.v57i3.2785 |
| OpenAlex | W4294835155 |
| Language | EN |
| Citations received | 1 |
| References cited | 9 |
After Timor-Leste restored independence in 2002, the new nation established a rigorous system to manage oil and gas revenues and activities, based on international best practice. Policymakers hoped that it would protect the small nation from the ‘resource curse’ which afflicts countries that depend on exporting non-renewable wealth. Within five years, petroleum exports were financing 85% of the state budget and comprised 75% of GDP. By 2021, with its known oil and gas reserves nearly depleted, Timor-Leste has made little progress toward diversifying into a sustainable economy or alleviating poverty and malnutrition. This paper explores what happened, and try to explain why well-intentioned legal and structural measures were not sufficient to avert the ‘paradox of plenty.’
Business · Curse · Development economics · Economic growth · Economic policy · Economics · Independence (probability theory · International economics · International trade · Natural resource · Natural resource economics · Oil reserves · Petroleum · Political science · Poverty · Poverty trap · Resource (disambiguation · Resource curse · Revenue · Timor leste · International Development and Aid · Mining and Resource Management · Natural Resources and Economic Development · Finance
| Citations per year | 0.09 |
|---|---|
| Citation span | 2015 - 2015 (1) |
| Highly cited | No |