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Timber Booms and Institutional Breakdown in Southeast Asia on Hardback by Michael L. Ross
Timber Booms and Institutional Breakdown in Southeast Asia on Hardback by Michael L. Ross
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Timber Booms and Institutional Breakdown in Southeast Asia

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Description

Scholars have long studied how institutions emerge and become stable. But why do institutions sometimes break down? In this book, Michael L. Ross explores the breakdown of the institutions that govern natural resource exports in developing states. He shows that these institutions often break down when states receive positive trade shocks - unanticipated windfalls. Drawing on the theory of rent-seeking, he suggests that these institutions succumb to a problem he calls 'rent-seizing' - the predatory behavior of politicians who seek to supply rent to others, and who purposefully dismantle institutions that restrain them. Using case studies of timber booms in Indonesia, Malaysia, and the Philippines, he shows how windfalls tend to trigger rent-seizing activities that may have disastrous consequences for state institutions, and for the government of natural resources. More generally, he shows how institutions can collapse when they have become endogenous to any rent-seeking process.
Release date Australia
January 8th, 2001
Audience
  • Professional & Vocational
Pages
256
Dimensions
152x229x16
ISBN-13
9780521791670
Product ID
2012202

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