Dead Ends of Transition

Contents Editorial 7 Dead Ends of Transition: Rentier Economies and Protectorates 9 Michael Dauderstädt Rentier Economies as Obstacles to Development and Peace Transformation of "Protectorates": Building Effective, Accountable States 29 Barnett R. Rubin Authoritarian Rentier States in the Broader Development Context 36 Richard M. Auty The "Resource Curse": An Empirical Overview 48 Indra De Soysa Institutions, Human Capital, and Diversification of Rentier Economies 59 Thorvaldur Gylfason Context, Path Dependency, and Oil-Based Development in the Gulf of Guinea 71 Ricardo M. S. Soares de Oliveira Exits from the Dead Ends of Tranition I:Overcoming the Resource Curse Oil Funds as a Policy Instrument to Promote Transparency and Accountability for Economic Development in Oil-Rich Countries 87 Ugo Fasano Rents, Reform, and Authoritarianism in the Middle East 100 Oliver Schlumberger Oil Wealth and Regime Change 114 Benjamin Smith Avoiding the Resource Curse: What Can We Learn from the Case of Botswana? 128 Transparency International Regulating Resource Governance: The Role of Governments, Companies, and Civil Society Organizations 137 Wolf-Christian Paes Exits from the Dead Ends of Transition II: Transforming Post-Conflict Societies Economic Causes and Consequences of Civil War: A Discussion of the Possible Policy Interventions 151 Paul Collier and Anke Hoeffler Development Challenges for Post-Conflict Protectorates 159 Willemijn Verkoren The Transformation of Protectorates: Case Study of Iraq, with Particular Reference to the Central Bank 170 Simon Gray Transforming Liberia and Sierra Leone: A Paradox of External Intervention 185 Judy Smith-Höhn Transforming Kosovo: Searching the Balance between Market Discipline and Political Stability 197 Andreas Wittkowsky Making Sure that Institutions Matter: Democratization through Undemocratic Means in Bosnia-Herzegovina 206 Thorsten Gromes Transformation in European Protectorates: From Sarajevo to Pristina 219 Gerald Knaus Bibliography 233 Notes on the Contributors/Authors 248