Economic Change Governance And Natural Resource Wealth
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Author | : Cullen S. Hendrix |
Publisher | : Peterson Institute for International Economics |
Total Pages | : 221 |
Release | : 2014 |
Genre | : Business & Economics |
ISBN | : 0881326763 |
Download Confronting the Curse Book in PDF, Epub and Kindle
The political economy of natural resource wealth poses two interrelated challenges for American foreign policy, both involving governance issues in countries that are abundantly endowed with natural resources. The potentially negative impact of natural resources on development is captured in the phrase "the resource curse". The implications are the greatest for the commodity producers themselves, ranging from complications for macroeconomic management to political authoritarianism and, in the extreme, the precipitation of violent civil conflict. For US policy, the resource curse presents challenges with respect to coping with state failure and associated transborder phenomena. The issues extend to broader geopolitics. Resource abundance confers financial and political power on producers. China's emergence as a major importer and investor in extraction, willing to accommodate authoritarian producers, exacerbates the challenge, potentially undercutting international efforts to encourage greater transparency and improved management of natural resource wealth. This issue is of particular importance for US policy toward Africa
Author | : Naazneen Barma |
Publisher | : World Bank Publications |
Total Pages | : 303 |
Release | : 2011-12-08 |
Genre | : Business & Economics |
ISBN | : 0821387162 |
Download Rents to Riches? Book in PDF, Epub and Kindle
This volume focuses on the political economy surrounding the detailed decisions that governments make at each step of the value chain for natural resource management. From the perspective of public interest or good governance, many resource-dependent developing countries pursue apparently short-sighted and sub-optimal policies in relation to the extraction and capture of resource rents, and to spending and savings from their resource endowments. This work contextualizes these micro-level choices and outcomes.
Author | : David Reed |
Publisher | : Taylor & Francis |
Total Pages | : 109 |
Release | : 2023-04-14 |
Genre | : Business & Economics |
ISBN | : 1000939545 |
Download Economic Change Governance and Natural Resource Wealth Book in PDF, Epub and Kindle
This volume analyzes the ways in which natural resource wealth has shaped authoritarian political regimes and statist economic systems in the countries of southern Africa in the post-colonial period. It consists of five essays. The first sets out the historical framework and emergence of natural resources as the crucial driver of economies in sub-Saharan Africa. Three essays, drawing on in-country research, focus on Tanzania, Zambia and Zimbabwe. They show how this explains the economic evolution of those countries - in particular, the impacts of economic and institutional changes on the bulk of the population, the rural poor. The final essay explores the nature of the changes and their neoliberal economic context, and the ways in which their harmful consequences might be relieved.
Author | : R. M. Auty |
Publisher | : Oxford University Press |
Total Pages | : 357 |
Release | : 2001-06-28 |
Genre | : Business & Economics |
ISBN | : 0199246882 |
Download Resource Abundance and Economic Development Book in PDF, Epub and Kindle
Since the 1960s the per capita incomes of the resource-poor countries have grown significantly faster than those of the resource-abundant countries. In fact, in recent years economic growth has been inversely proportional to the share of natural resource rents in GDP, so that the small mineral-driven economies have performed least well and the oil-driven economies worst of all. Yet the mineral-driven resource-rich economies have high growth potential because the mineral exportsboost their capacity to invest and to import."Resource Abundance and Economic Development" explains the disappointing performance of resource-abundant countries by extending the growth accounting framework to include natural and social capital. The resulting synthesis identifies two contrasting development trajectories: the competitive industrialization of the resource-poor countries and the staple trap of many resource-abundant countries. The resource-poor countries are less prone to policy failure than the resource-abundant countriesbecause social pressures force the political state to align its interests with the majority poor and follow relatively prudent policies. Resource-abundant countries are more likely to engender political states in which vested interests vie to capture resource surpluses (rents) at the expense of policycoherence. A longer dependence on primary product exports also delays industrialization, heightens income inequality, and retards skill accumulation. Fears of 'Dutch disease' encourage efforts to force industrialization through trade policy to protect infant industry. The resulting slow-maturing manufacturing sector demands transfers from the primary sector that outstrip the natural resource rents and sap the competitiveness of the economy.The chapters in this collection draw upon historical analysis and models to show that a growth collapse is not the inevitable outcome of resource abundance and that policy counts. Malaysia, a rare example of successful resource-abundant development, is contrasted with Ghana, Bolivia, Saudi Arabia, Mexico, and Argentina, which all experienced a growth collapse. The book also explores policies for reviving collapsed economies with reference to Costa Rica, South Africa, Russia and Central Asia. Itdemonstrates the importance of initial conditions to successful economic reform.
Author | : OECD |
Publisher | : OECD Publishing |
Total Pages | : 170 |
Release | : 2009-01-27 |
Genre | : |
ISBN | : 9264060251 |
Download DAC Guidelines and Reference Series Natural Resources and Pro-Poor Growth The Economics and Politics Book in PDF, Epub and Kindle
Natural capital constitutes a quarter of total wealth in low-income countries. This publication demonstrates that natural resources can contribute to growth, employment, exports and fiscal revenues and highlights the importance of policies encouraging the sustainable management of these resources.
Author | : Daniel Lederman |
Publisher | : Stanford University Press |
Total Pages | : 396 |
Release | : 2007 |
Genre | : Business & Economics |
ISBN | : 9780804757096 |
Download Natural Resources Book in PDF, Epub and Kindle
For almost as long as economics has been a profession, the role of natural resources in the promotion of economic growth has been among the core issues of development theory. Some newer theories suggest that natural riches produce institutional weaknesses as various social groups attempt to capture the economic rents derived from the exploitation of natural resources. Since the 1960s, some analysts have argued that resource-rich developing countries have grown more slowly than other developing countries. Nevertheless, we find ourselves in a time when conventional wisdom again postulates that natural resources are indeed riches. This book brings together a variety of analytical perspectives, ranging from econometric analyses of economic growth to historical studies of successful development experiences in countries with abundant natural resources. The evidence suggests that natural resources are neither a curse nor destiny. Natural resources can actually spur economic development when combined with the accumulation of knowledge for economic innovation. Furthermore, natural resource abundance need not be the only determinant of the structure of trade in developing countries. In fact, the accumulation of knowledge, infrastructure, and the quality of governance all seem to determine not only what countries produce and export, but how firms and workers produce any good.
Author | : Hany Gamil Besada |
Publisher | : Routledge |
Total Pages | : 301 |
Release | : 2016-09-13 |
Genre | : Political Science |
ISBN | : 1315514230 |
Download Governing Natural Resources for Africa’s Development Book in PDF, Epub and Kindle
Bringing together some of the world’s leading thinkers and policy experts in the area of natural resource governance and management in Africa, this volume addresses the most critical policy issues affecting the continent’s ability to manage and govern its precious resources. The narrative of the book is solutions-driven, as experts weigh on specific issues within the context of Africa’s natural resource governance and offer appropriate policy recommendations on how to best manage the continent’s resources. This is a must-read for government policy makers in industrialized economies and, more importantly, in Africa and emerging economies, as well as for academic researchers working in the field, extractive companies operating on the continent, extractive industry and trade associations, and multilateral and donor aid institutions.
Author | : Nathalie Pouokam |
Publisher | : International Monetary Fund |
Total Pages | : 38 |
Release | : 2021-04-23 |
Genre | : Business & Economics |
ISBN | : 1513582429 |
Download Sharing Resource Wealth Inclusively Within and Across Generations Book in PDF, Epub and Kindle
This paper discusses the main challenges faced by resource-rich nations in promoting equity; describes policy tools available for managing exhaustible natural resources; and analyzes the relationship between resource wealth and state fragility. It is argued that human capital accumulation, innovation, and technology diffusion can help escape the trap of low growth and resource dependence that plagues so many developing countries. But to make this possible, resource-rich nations must sustain strong citizen participation in the policy making to hold governments accountable and ensure the inclusive management of resource wealth.
Author | : Mr.Arvind Subramanian |
Publisher | : International Monetary Fund |
Total Pages | : 47 |
Release | : 2003-07-01 |
Genre | : Nature |
ISBN | : 1451856067 |
Download Addressing the Natural Resource Curse Book in PDF, Epub and Kindle
Some natural resources-oil and minerals in particular-exert a negative and nonlinear impact on growth via their deleterious impact on institutional quality. We show this result to be very robust. The Nigerian experience provides telling confirmation of this aspect of natural resources. Waste and poor institutional quality stemming from oil appear to have been primarily responsible for Nigeria's poor long-run economic performance. We propose a solution for addressing this resource curse which involves directly distributing the oil revenues to the public. Even with all the difficulties that will no doubt plague its actual implementation, our proposal will, at the least, be vastly superior to the status quo. At best, however, it could fundamentally improve the quality of public institutions and, as a result, durably raise long-run growth performance.
Author | : Daniel Wilde |
Publisher | : Commonwealth Secretariat |
Total Pages | : 49 |
Release | : 2016-10-11 |
Genre | : Business & Economics |
ISBN | : 1849291608 |
Download Key Issues in Natural Resource Taxation and Revenue Management in the Commonwealth Book in PDF, Epub and Kindle
Public policies in taxation and revenue management are key to ensuring natural resource wealth results in economic development. Tax policy and systems should ensure that whenever natural resources are extracted, the host state receives a fair share of revenue. Revenue management policies are required to ensure that government revenues from natural resources are wisely used to finance sustainable economic development. This Economic Paper analyses key issues in natural resource taxation and revenue management and recommends policies that can improve countries’ economic performance. The discussion draws on economic theory, empirical evidence and the work of the Commonwealth Secretariat.