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The authors explain why the discovery and development of natural resources is commonly associated with unstable and unequal development, and frequently with violence. They demonstrate the need for policies and institutions by reflecting on both successes and failures in case studies on Botswana, Nigeria and Niger as well as Bolivia, Chile and Peru.
Understanding why inequality is so great and has persevered for centuries in a number of Latin American countries requires tools that go beyond economics. Investigating the case of Peru, this book explores how inequality is embedded in institutions that constitute the interface between the economy, the polity and geography of the country.
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