1. The Presence of Natural Resources and Economic Development Jacob Moy

2. Existing Arguments “Dutch Disease” Theory Impact on: – Education (Glyfason 2001) – Macroeconomic Reforms (World Bank 2009) – Civil War (Fearon 2005) “We are in part to blame, but this is the curse of being born with a copper spoon in our mouths.” -Kenneth Kaunda, President of Zambia

3. Defining Resource Abundance & Scarcity SXP & SXP 80 – “share of exports of primary products in GNP” (Sachs & Warner 1997) Other Methods: – Per capita cropland (Auty) – Oil production – Primary Exports SXPSXP80 Bangladesh0.010.02 Nigeria0.140.30 Norway0.100.22 Taiwan0.020.01

4. The Findings Affirms “Dutch Disease Theory” Resource scarcity more conducive to growth than abundance Norway?..... 1970-801980-902006 World3.83.24.0 Developing5.83.97.1 Developed (Europe) 3.02.62.9 Nigeria4.42.35.3 Norway4.72.62.9 Bangladesh-3.96.5 Taiwan9.68.54.9 (est.) Real GDP Growth Rates (USD-1990 Base) Data: UNCTAD Handbook of Statistics 2008

6. Elaborations Annual Compound Growth Rateof Per Capita GDP (1996-2006): – World Average= 2.12% – Bangladesh= 3.14% – Nigeria= 1.51% – Norway= 2.57% UN Human Development Index (HDI) 2009: – Norway 1 st, Bangladesh 146 th, Nigeria 158 th – Bangladesh: notable positive HDI growth since ‘05 – Nigeria: static HDI growth