|Author/Contributor(s):||Le Billon, Philippe|
|Publisher:||Oxford University Press, USA|
resources-oil, diamonds, and timber-he argues that resources and wars are linked in three main ways. First, resource revenues finance belligerents, a trend that has become all the more conspicuous since the withdrawal of Cold War foreign sponsorship in the late 1980s. Although the 'War on Terror'
has redefined military assistance and the internationalisation of war, many belligerents continue to rely on and profit from 'conflict resources'. Second, resource exploitation generates conflict. As global demand for raw materials has sharply increased, competition over critical resources such as
oil has resulted in a flurry of 'resource conflicts', from local community struggles against mining multinationals to regional and international tensions. Third, economic shocks and poor governance sharply increase the risk of war (the 'resource curse'). While today's resource boom is a major
economic opportunity for resource rich but poor countries, reliance on resource exports often implies sharp economic downturns. Not all resources are the same, however, and effective responses are at hand. Sanctions, military interventions and wealth sharing have helped bring an end to conflicts,
yet only deeper domestic and international reforms in resource governance can stop the plunder.