Dawda Adams
Globalisation, governance, accountability and the natural resource 'curse': Implications for socio-economic growth of oil-rich developing countries
Adams, Dawda; Adams, Kweku; Ullah, Subhan; Ullah, Farid
Authors
Kweku Adams
SUBHAN ULLAH SUBHAN.ULLAH@NOTTINGHAM.AC.UK
Associate Professor in Accounting
Farid Ullah
Abstract
Motivated by recent inconclusive debates on the natural resource 'curse' phenomenon, this paper reviews studies that have explored the causes and implications of natural resource endowments 'curse' within oil-rich developing countries (ODCs). Most of these studies find corruption, transparency, accountability, weak institutions and poor governance as causes of developing countries' natural resource 'curse'. However, recent studies identify a strong association between oil and gas multinational corporations (MNCs) as agents of globalisation and the resource-curse. First, we consider the international dimensions of this relationship and how MNCs have an influence on the resources of ODCs. Second, we link the impact of MNCs and their natural resource nexus to broaden debates on strategic organisational practices. We show that globalisation creates the platform for the natural resource 'curse' phenomenon. Our findings offer new insights into the natural resource 'curse' debate. We expand knowledge on the traditional focus of the resource-curse literature to include globalisation and how ethical practices of MNCs could avert the 'curse' or allow ODCs to experience the advantages of their natural resource wealth.
Citation
Adams, D., Adams, K., Ullah, S., & Ullah, F. (2019). Globalisation, governance, accountability and the natural resource 'curse': Implications for socio-economic growth of oil-rich developing countries. Resources Policy, 61, 128-140. https://doi.org/10.1016/j.resourpol.2019.02.009
Journal Article Type | Article |
---|---|
Acceptance Date | Feb 7, 2019 |
Online Publication Date | Feb 14, 2019 |
Publication Date | Jun 1, 2019 |
Deposit Date | Jan 27, 2020 |
Publicly Available Date | Aug 15, 2020 |
Journal | Resources Policy |
Print ISSN | 0301-4207 |
Publisher | Elsevier |
Peer Reviewed | Peer Reviewed |
Volume | 61 |
Pages | 128-140 |
DOI | https://doi.org/10.1016/j.resourpol.2019.02.009 |
Keywords | Globalisation; Oil and gas multinational corporations; Management strategies; Profit maximisation; Natural resource 'curse' |
Public URL | https://nottingham-repository.worktribe.com/output/3811231 |
Publisher URL | https://www.sciencedirect.com/science/article/pii/S0301420718306597 |
Additional Information | This article is maintained by: Elsevier; Article Title: Globalisation, governance, accountability and the natural resource ‘curse’: Implications for socio-economic growth of oil-rich developing countries; Journal Title: Resources Policy; CrossRef DOI link to publisher maintained version: https://doi.org/10.1016/j.resourpol.2019.02.009; Content Type: article; Copyright: © 2019 Elsevier Ltd. All rights reserved. |
Files
Globalisation Governance Accountability
(1 Mb)
PDF
You might also like
International Evidence on the Determinants of Organizational Ethical Vulnerability
(2018)
Journal Article
Dealing with endogeneity bias: The generalized method of moments (GMM) for panel data
(2018)
Journal Article
Hide-and-seek in corporate disclosure: evidence from negative corporate incidents
(2019)
Journal Article
Downloadable Citations
About Repository@Nottingham
Administrator e-mail: discovery-access-systems@nottingham.ac.uk
This application uses the following open-source libraries:
SheetJS Community Edition
Apache License Version 2.0 (http://www.apache.org/licenses/)
PDF.js
Apache License Version 2.0 (http://www.apache.org/licenses/)
Font Awesome
SIL OFL 1.1 (http://scripts.sil.org/OFL)
MIT License (http://opensource.org/licenses/mit-license.html)
CC BY 3.0 ( http://creativecommons.org/licenses/by/3.0/)
Powered by Worktribe © 2024
Advanced Search