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Author: David Reed
Publisher: Taylor & Francis
ISBN: 1000939545
Category : Business & Economics
Languages : en
Pages : 109
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Book Description
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: David Reed
Publisher: Taylor & Francis
ISBN: 1000939545
Category : Business & Economics
Languages : en
Pages : 109
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Book Description
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: David Reed
Publisher: Earthscan
ISBN: 9781853838774
Category : Business & Economics
Languages : en
Pages : 200
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Book Description
First Published in 2002. Routledge is an imprint of Taylor & Francis, an informa company.
Author: David Reed
Publisher:
ISBN: 9781003421399
Category : BUSINESS & ECONOMICS
Languages : en
Pages : 0
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Book Description
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: Cullen S. Hendrix
Publisher: Peterson Institute for International Economics
ISBN: 0881326763
Category : Business & Economics
Languages : en
Pages : 221
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Book Description
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
ISBN: 0821384805
Category : Business & Economics
Languages : en
Pages : 303
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Book Description
Rents to Riches> focuses on the political economy of the detailed decisions that governments make at each step of the natural resource management (NRM) value chain. Many resource-dependent developing countries pursue seemingly shortsighted and suboptimal policies when extracting, taxing, and investing resource rents. The book contextualizes these micro-level outcomes with an emphasis on two central political economy dimensions: the degree to which governments can make credible intertemporal commitments to both resource developers and citizens, and the degree to which governments and inclined to turn resource rents into public goods. Almost 1.5 billion people live in the more than 50 World Bank client countries classified as resource-dependent. A detailed understanding of the way political economy characteristics affect the NRM decisions made in these countries by governments, extractive developers, and society can improve the design of interventions to support welfare-enhancing policy making and governance in the natural resource sectors. Featuring case study work from Africa (Angola, the Democratic Republic of Congo, Ghana, Niger, Nigeria), East Asia and Pacific (the Lao People's Democratic Republic, Mongolia, Timor-Leste), and Latin America and the Caribbean (Bolivia, Chile, Ecuador, Mexico, Trinidad an dTobago_, the book provides guidance for government clients, domestic stakeholders, and development partners committed to transforming natural resource into sustainable development riches.
Author: Glenn-Marie Lange
Publisher: World Bank Publications
ISBN: 1464810478
Category : Business & Economics
Languages : en
Pages : 293
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Book Description
Countries regularly track gross domestic product (GDP) as an indicator of their economicprogress, but not wealth—the assets such as infrastructure, forests, minerals, and humancapital that produce GDP. In contrast, corporations routinely report on both their income andassets to assess their economic health and prospects for the future. Wealth accounts allowcountries to take stock of their assets to monitor the sustainability of development, an urgentconcern today for all countries.The Changing Wealth of Nations 2018: Building a Sustainable Future covers national wealthfor 141 countries over 20 years (1995–2014) as the sum of produced capital, 19 types ofnatural capital, net foreign assets, and human capital overall as well as by gender and type ofemployment. Great progress has been made in estimating wealth since the fi rst volume, WhereIs the Wealth of Nations? Measuring Capital for the 21st Century, was published in 2006. Newdata substantially improve estimates of natural capital, and, for the fi rst time, human capital ismeasured by using household surveys to estimate lifetime earnings.The Changing Wealth of Nations 2018 begins with a review of global and regional trends inwealth over the past two decades and provides examples of how wealth accounts can be usedfor the analysis of development patterns. Several chapters discuss the new work on humancapital and its application in development policy. The book then tackles elements of naturalcapital that are not yet fully incorporated in the wealth accounts: air pollution, marine fi sheries,and ecosystems.This book targets policy makers but will engage anyone committed to building a sustainablefuture for the planet.
Author: R. M. Auty
Publisher: Oxford University Press
ISBN: 0199246882
Category : Business & Economics
Languages : en
Pages : 357
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Book Description
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: Edward Barbier
Publisher: Cambridge University Press
ISBN: 1107179262
Category : Business & Economics
Languages : en
Pages : 451
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Book Description
The second edition of this landmark book explores how natural resources contribute to development in poor economies.
Author: Atsushi Iimi
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 38
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Book Description
Botswana is typical of the countries that are endowed with abundant natural resources. Although it is commonly accepted that resource-rich economies tend to fail in accelerating growth, Botswana has experienced the most remarkable economic performance in the region. Using the latest cross-country data, this study empirically readdresses the question of whether resource abundance can contribute to growth. It finds that governance determines the extent to which the growth effects of resource wealth can materialize. In developing countries in particular, the quality of regulation, such as the predictability of changes of regulations, and anticorruption policies, such as transparency and accountability in the public sector, are most important for effective natural resource management and growth.
Author: Mr.Arvind Subramanian
Publisher: International Monetary Fund
ISBN: 1451856067
Category : Nature
Languages : en
Pages : 47
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Book Description
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.
