Mexican oil booms: fugitive events
The purpose of this article is to answer the question as to why oil booms –which historically have created great expectations– have not generated a virtuoso circle between abundance of oil resources and development. I sustain that oil booms have perpetuated a vicious circle of ever-greater dependenc...
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| Lenguaje: | Español |
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Facultad de Economía
2014
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| Acceso en línea: | http://www.revistas.unam.mx/index.php/ecu/article/view/45106 http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=mx/mx-030&d=article45106oai |
| Aporte de: |
| Sumario: | The purpose of this article is to answer the question as to why oil booms –which historically have created great expectations– have not generated a virtuoso circle between abundance of oil resources and development. I sustain that oil booms have perpetuated a vicious circle of ever-greater dependency between oil revenues and weakness of the Mexican State. This article is structured as follows: first, a brief review of the literature on the resource curse is presented, followed by an analysis of three oil booms in Mexico. Finally, I compare how Mexico and Norway have managed their oil resources. In the conclusions I raise a prospective question: can oil resources in Mexico –a century after their discovery– contribute to sustained development and social welfare? |
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