2006–2010

The Oil Resources of Timor-Leste: Curse or Blessing?

Reprint No. 2008:4

Author(s): Mats Lundahl and Fredrik SjöholmYear: 2008 Title: The Pacific Review Volume (No.): 21 (1) Pages: 67–86


Timor-Leste is among the youngest nations in the world. It began its independence under difficult circumstances: poverty is widespread, education is poor, the industrial sector is non-existent, and political turbulence is on the rise. On the positive side, future oil revenues are predicted to be substantial, which could potentially be a great help in Timor-Leste’s struggle for development. This paper examines critically the possibility for Timor-Leste to use oil revenues to achieve economic development. It describes how difficult it is to estimate the future revenues because of volatile prices, territorial disputes, and insufficient seismological mapping. It continues with a discussion of the ‘resource curse’ – the difficulty of combining natural resources with economic development. Moreover, the particular challenges for Timor-Leste’s development are dealt with at some length, as are possible ways to avoid the resource curse.


Reference:
Lundahl, Mats and Fredrik Sjöholm (2008), "The Oil Resources of Timor-Leste: Curse or Blessing?". The Pacific Review 21(1), 67–86.

Fredrik Sjöholm

Contact

Ph: +46 46 222 74 26
fredrik.sjoholm@nek.l...

Interdisciplinary European Studies

The European Union and the Return of the Nation State

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This book explores the complex and ever-changing relationship between the European Union and its member states. The recent surge in tension in this relationship has been prompted by the actions of some member state governments as they question fundamental EU values and principles and refuse to implement common decisions seemingly on the basis of narrowly defined national interests.

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