A Growth Collapse with Diffuse Resources: Ghana

Robert Osei

doi:10.1093/0199275785.003.0010

A Growth Collapse with Diffuse Resources: Ghana

Robert Osei

University of Nottingham

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

Abstract

This chapter examines the growth collapse in Ghana. The country's development trajectory followed that of staple strap model of resourceabundant countries. The model predicts that in the absence of either a developmental autonomous benevolent state or a consensual democracy, a resource-dependent country will drift towards an inward looking trade policy and dependence on a weakening primary sector; an external shock to such an economy is likely to cause a growth collapse. Policy failure was the main cause of Ghana's growth collapse.

Original language	English
Title of host publication	Resource Abundance and Economic Development
Publisher	Oxford University Press
ISBN (Print)	9780199275786
DOIs	https://doi.org/10.1093/0199275785.003.0010
Publication status	Published - 1 Apr 2005
Externally published	Yes

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth

Keywords

Economic development
Ghana
Growth collapse
Resource-abundant countries
Staple strap model

Access to Document

10.1093/0199275785.003.0010

Cite this

@inbook{0f8c175053224814b46a42a810c4a2e3,

title = "A Growth Collapse with Diffuse Resources: Ghana",

abstract = "This chapter examines the growth collapse in Ghana. The country's development trajectory followed that of staple strap model of resourceabundant countries. The model predicts that in the absence of either a developmental autonomous benevolent state or a consensual democracy, a resource-dependent country will drift towards an inward looking trade policy and dependence on a weakening primary sector; an external shock to such an economy is likely to cause a growth collapse. Policy failure was the main cause of Ghana's growth collapse.",

keywords = "Economic development, Ghana, Growth collapse, Resource-abundant countries, Staple strap model",

author = "Robert Osei",

note = "Publisher Copyright: {\textcopyright} Oxford University Press, 2013.",

year = "2005",

month = apr,

day = "1",

doi = "10.1093/0199275785.003.0010",

language = "English",

isbn = "9780199275786",

booktitle = "Resource Abundance and Economic Development",

publisher = "Oxford University Press",

}

TY - CHAP

T1 - A Growth Collapse with Diffuse Resources

T2 - Ghana

AU - Osei, Robert

N1 - Publisher Copyright: © Oxford University Press, 2013.

PY - 2005/4/1

Y1 - 2005/4/1

N2 - This chapter examines the growth collapse in Ghana. The country's development trajectory followed that of staple strap model of resourceabundant countries. The model predicts that in the absence of either a developmental autonomous benevolent state or a consensual democracy, a resource-dependent country will drift towards an inward looking trade policy and dependence on a weakening primary sector; an external shock to such an economy is likely to cause a growth collapse. Policy failure was the main cause of Ghana's growth collapse.

AB - This chapter examines the growth collapse in Ghana. The country's development trajectory followed that of staple strap model of resourceabundant countries. The model predicts that in the absence of either a developmental autonomous benevolent state or a consensual democracy, a resource-dependent country will drift towards an inward looking trade policy and dependence on a weakening primary sector; an external shock to such an economy is likely to cause a growth collapse. Policy failure was the main cause of Ghana's growth collapse.

KW - Economic development

KW - Ghana

KW - Growth collapse

KW - Resource-abundant countries

KW - Staple strap model

UR - https://www.scopus.com/pages/publications/84920075064

U2 - 10.1093/0199275785.003.0010

DO - 10.1093/0199275785.003.0010

M3 - Chapter

AN - SCOPUS:84920075064

SN - 9780199275786

BT - Resource Abundance and Economic Development

PB - Oxford University Press

ER -

A Growth Collapse with Diffuse Resources: Ghana

Abstract

UN SDGs

Keywords

Access to Document

Other files and links

Fingerprint

Cite this