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...

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Martin Ljunge, IFN, is the author of a chapter, "Trust promotes health: addressing reverse causality by studying children of immigrants", in a new book edited by Sherman Folland and Eric Nauenberg. The cutting edge of research is presented, covering the ever-expanding social capital field.

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