The Resource Curse in Timor-Leste
نویسندگان
چکیده
After Timor-Leste restored independence in 2002, the new nation established a rigorous system to manage oil and gas revenues activities, based on international best practice. Policymakers hoped that it would protect small from ‘resource curse’ which afflicts countries depend exporting non-renewable wealth. Within five years, petroleum exports were financing 85% of state budget comprised 75% GDP. By 2021, with its known reserves nearly depleted, has made little progress toward diversifying into sustainable economy or alleviating poverty malnutrition. This paper explores what happened, try explain why well-intentioned legal structural measures not sufficient avert ‘paradox plenty.’
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ژورنال
عنوان ژورنال: Estudios de Asia y África
سال: 2022
ISSN: ['0185-0164', '2448-654X']
DOI: https://doi.org/10.24201/eaa.v57i3.2785