The Resource Course

New Media  | 04 de noviembre de 2006  | Vistas: 1565

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. 


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