Chapter 1: Theoretical Framework: Natural Resources and Economic Development -- Chapter 2: Taxation and Fiscal Policy Understand the Resource Curse -- Chapter 3: Trade: The role of External Sector in Development -- Chapter 4: Human Capital and Knowledge: Education, practical learning and...

Property rights are the most fundamental institution in any society. They determine who has decision-making authority over assets and who bears the costs and benefits of those decisions. They assign ownership, wealth, political influence, and social standing. They make markets possible; define...