This book investigates the paradox of the resource curse, questioning why mineral-rich developing nations frequently underperform compared to their resource-deficient counterparts. Authors Raymond F. Mikesell and Richard M. Auty utilize their extensive backgrounds in development economics to analyze the structural and policy-based failures that prevent mineral wealth from translating into long-term economic stability. By examining the intersection of finite resource extraction and social development, the authors propose a framework for sustainable growth that prioritizes long-term economic health over short-term commodity gains.

Experts recognize this work as a significant contribution to the literature on the political economy of natural resources. Readers frequently note the academic density of the prose and the rigorous reliance on empirical case studies to support the authors' policy arguments.