00:01    |    
Initial credits
00:25    |    
01:06    |    
Factors that cause the "Resource Course"
Public decisions as public goods
Political constituency of economic efficiency
People with no self-interests
Small property owners
08:29    |    
Consequences of economic growth
Tradeoff between progress and plunder
Economic incentives of plunder
11:15    |    
Major events and real world prices
14:20    |    
Economic growth, Property Rights, and Rule of Law
Effect of Rule of Law on plundering 
Regression analysis
Ethnolinguistic fractionalization
Revolutions and coups
Impact of oil wealth on economic growth
Relationship between Institutions and Economy
Strong Rule of Law
Government situation
29:48    |    
Are there any alternatives for a government to foster Institutionalization and Property Rights?
Economic growth in Market Economy
What is the relationship between latitude and the strength of the Rule of Law?
What is the effect of culture on economic development?
Latitude Explanation Vs. Cultural Explanation
Comment on the effect of Spanish heritage on Latin America's economic development
The plunder idea
Reasons for choosing oil in the regression analysis
How can you develop and International Rule of Law that can enforce environmental responsibility?
Comment on the hydroelectric project in River Usumacinta
International Treaties of shared resources
Alternative hydroelectric projects
Purpose of bilateral negotiation
What is your personal opinion about the refusal of the United States and Japan to sign the Kyoto Protocol?
Special interests behind the Kyoto Protocol
Alarms and funding
01:10:00    |    
Final credits




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. 


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 


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