... elites view decision-making on those sectors. Finally, extractive industries tend to be capital intensive, often having to rely on foreign investment, leading to very little linkages to other domestic economic sectors, resulting in the states sluggish growth. The agricultural sector is unlikely to result in significant resource rents, because it requires intensive labor and capital each year to obtain revenues ... in his book, No Representation without Taxation, that when a measure of development that excludes the effect of oil on the economy in place of GDP per capita in statistical ana...

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• Approx Pages: 4
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• Grade Level: Graduate