What drives livelihood diversification among predominantly rural households in developing countries and how can welfare-enhancing patterns be established and sustained in the long run? A large literature has focused on whether income diversification is a means of survival or a means of...

This article reviews the recent literature on the developmental effects of resource abundance, assessing likely effects and channels with respect to key development outcomes. To date, this area has received less analysis, although it is relevant to the United Nations’ Sustainable Development...