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Resource Curse and Global Justice: The Tragedy in Middle East, Dr. Haider Khan

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Uploaded on Nov 22, 2011

Hennebach Guest Lecture Series

Dr. Haider Khan is a Professor of Economics at the Josef Korbel School of International Studies, University of Denver. The following is part of the abstract for this lecture: I look critically at the resource curse theory which suggests that resource-rich countries are condemned to lower levels of sustainable economic growth, less diversified economies, less democratic governments and more political turmoil, all in part driven by the volatile nature of energy markets. The real- ity is more complex. For example, oil resources can attract investment, lead to wealth and human development and aug- ment power; or they can cause corruption, political dysfunc- tion and economic distortion. I discuss the present situation in the Middle East and North Africa in light of the theories of democracy and global justice and their historical trajectories.

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