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How do “Mineral-States” Learn? Path-Dependence, Networks, and Policy Change in the Development of Economic Institutions

  • Orihuela, José Carlos

Based on case-study methods, I draw lessons from the political economy of macroeconomic management in Chile and Peru to explain how “mineral-states” learn to think long term and eventually escape the resource curse. I give an institutionalist account of the rise of countercyclical funds, showing how the long-term development of elite networks qualifies the contemporary making of curse-escapes. Policy networks compose one central avenue of institutional development, for both the reproduction of path-dependence and the making of institutional change. The exposition challenges political economy of development frameworks which over-emphasize structural (initial) conditions and assume steady (rent-seeking) behavior of state agents.

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Article provided by Elsevier in its journal World Development.

Volume (Year): 43 (2013)
Issue (Month): C ()
Pages: 138-148

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Handle: RePEc:eee:wdevel:v:43:y:2013:i:c:p:138-148
Contact details of provider: Web page: http://www.elsevier.com/locate/worlddev

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  9. Anthony Bebbington & Leonith Hinojosa & Denise Humphreys Bebbington & Maria Luisa Burneo & Ximena Warnaars, 2008. "Contention and Ambiguity: Mining and the Possibilities of Development," Brooks World Poverty Institute Working Paper Series 5708, BWPI, The University of Manchester.
  10. Brunnschweiler, Christa N., 2008. "Cursing the Blessings? Natural Resource Abundance, Institutions, and Economic Growth," World Development, Elsevier, vol. 36(3), pages 399-419, March.
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