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Resource management for Sustainable Development of Island Economies

Author

Listed:
  • Majah-Leah Ravago

    () (Department of Economics, University of Hawaii at Manoa)

  • James Roumasset

    () (Department of Economics, University of Hawaii at Manoa
    University of Hawaii Economic Research Organization)

  • Kimberly Burnett

    () (University of Hawaii Economic Research Organization)

Abstract

What is the role of resource management in sustaining competitiveness for island economies such as the Republic of the Philippines and Hawaii? We review the history of thought on sustainable resource management and sustainable development and then turn to the threats to sustainability from the resource curse and the parallel curse of paradise. We show how the resource curse undermines the pursuit of sustainability and describe innovations in governance that can transform the curse into a blessing.

Suggested Citation

  • Majah-Leah Ravago & James Roumasset & Kimberly Burnett, 2008. "Resource management for Sustainable Development of Island Economies," Working Papers 200804, University of Hawaii at Manoa, Department of Economics.
  • Handle: RePEc:hai:wpaper:200804
    as

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    File URL: http://www.economics.hawaii.edu/research/workingpapers/WP_08-4.pdf
    File Function: First version, 2008
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    References listed on IDEAS

    as
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    3. Stavins, Robert N. & Wagner, Alexander F. & Wagner, Gernot, 2003. "Interpreting sustainability in economic terms: dynamic efficiency plus intergenerational equity," Economics Letters, Elsevier, vol. 79(3), pages 339-343, June.
    4. James Roumasset, 2004. "Rural Institutions, Agricultural Development, and Pro-Poor Economic Growth," Asian Journal of Agriculture and Development, Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA), vol. 1(1), pages 61-82, June.
    5. Arsenio M. Balisacan, 1989. "An Analysis of the Philippines Inter-Island Shipping Industry," UP School of Economics Discussion Papers 198909, University of the Philippines School of Economics.
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    8. James Roumasset & Lee Endress, 1996. "The yin and yang of sustainable development: A case for win‐win environmentalism," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 1(2), pages 185-194.
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    More about this item

    Keywords

    Resource curse; sustainable development; Dutch disease;

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q33 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Resource Booms (Dutch Disease)
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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