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This Volume Challenges The Belief That The Modern World Is Increasingly Secular

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The Natural Resources Trap: Private Investment Without Public Commitment (Mit Press),New Watson He Also Offers Tips OnExperts Discuss The Contractual Instability Resulting From Commodity Price Volatility And Its Effect On Private Investment And Public Involvement. Volatility In Commodity Prices Has Been Accompanied By Perpetual Renegotiation Of Contracts Between Private Investors In Natural Resource Production And The Governments Of States With Mineral And Energy Wealth. When Prices Skyrocket, Governments Want A Larger Share Of Revenues, Sometimes To The Point Of