The Resource Course

04 de noviembre de 2006   | Vistas: 1559 |  

About this video

The "Resource Course" is a phenomenon that describes the slow economic growth of a country that has plenty of mineral resources. Public Choice Theory shows that there is a relationship between property rights, public decisions, and corruption. The "Resource Course" is more frequent in countries that have weak property rights and absence of the Rule of Law.  A regression analysis shows that increases in mineral wealth have no impact on economic growth in a country that has weak Institutions and Property Rights. 


Credits

The Resource Course
Seminary "Human Nature: Destructive or Creative?"
Richard Stroup

Business School EN-601
Universidad Francisco Marroquín
Guatemala, November 4, 2006

New Media - UFM production. Guatemala, November 2006
Translation: Grethel Ippicsh; camera 1: Alexander Arauz; camera 2: Sergio Miranda; digital editing: Alexander Arauz; index and synopsis: Christiaan Ketelaar; text reviser: Katty Schellenger; publication: Pedro David España 


IDEAS DE LA LIBERTAD

Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.

Universidad Francisco Marroquín