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Author: Angela Zivo Gapa
Publisher: Rowman & Littlefield
ISBN: 1666952028
Category : Political Science
Languages : en
Pages : 313
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Book Description
Over the past three decades, Africa's resource landscape has undergone significant shifts, with new mineral, oil, and natural gas discoveries coinciding with the increase in global demand for mineral and hydrocarbon resources, and advancements in green technology. In The Politics of New African Resource Discoveries in the Post-Curse Era, edited by Angela Zivo Gapa, scholars and practitioners delve into the intricate dynamics of jackpot resource discoveries in Africa, providing insight into how African governments have managed these discoveries in the post-resource-curse era. Through a series of African case studies, this book critically examines whether Africa stands on the cusp of a post-resource-curse era or if historical patterns of the resource paradox will continue to persist. The contributors explore interventions ranging from citizen feedback mechanisms to institutional restructuring to determine whether recent resource discoveries hold the promise of economic growth and poverty alleviation or if they remain constrained by the global political economy. This book is a collaborative effort to deepen the understanding of global natural resource politics and promote African agency in managing substantial resource windfalls.
Author: Angela Zivo Gapa
Publisher: Rowman & Littlefield
ISBN: 1666952028
Category : Political Science
Languages : en
Pages : 313
Get Book Here
Book Description
Over the past three decades, Africa's resource landscape has undergone significant shifts, with new mineral, oil, and natural gas discoveries coinciding with the increase in global demand for mineral and hydrocarbon resources, and advancements in green technology. In The Politics of New African Resource Discoveries in the Post-Curse Era, edited by Angela Zivo Gapa, scholars and practitioners delve into the intricate dynamics of jackpot resource discoveries in Africa, providing insight into how African governments have managed these discoveries in the post-resource-curse era. Through a series of African case studies, this book critically examines whether Africa stands on the cusp of a post-resource-curse era or if historical patterns of the resource paradox will continue to persist. The contributors explore interventions ranging from citizen feedback mechanisms to institutional restructuring to determine whether recent resource discoveries hold the promise of economic growth and poverty alleviation or if they remain constrained by the global political economy. This book is a collaborative effort to deepen the understanding of global natural resource politics and promote African agency in managing substantial resource windfalls.
Author: Justin Yano
Publisher: IPR Journals and Book Publishers
ISBN: 9914752926
Category : Business & Economics
Languages : en
Pages : 141
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Book Description
TOPICS IN THE BOOK Tourism-Led Growth Hypothesis and Economic Growth in Kenya Effect of External Debt Liability on Economic Growth in Kenya The Motivational Effect of Oil Exploration in Somali and the Habitual African Resource Curse The Latent Content Model of Economic Growth
Author: Augustine Sadiq Okoh
Publisher: Springer Nature
ISBN: 3030607852
Category : Business & Economics
Languages : en
Pages : 254
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Book Description
This book provides an insight into the complexities of weaning Nigeria from its fossil fuels addiction while growing the economy on low carbon trajectory. Nigeria faces a carbon catch 22 with the proliferation of renewable energy alternatives and scale-up of electric vehicles. The dilemma Nigeria is confronted with is to grow its fossil-led economy or face the challenge of its fossil infrastructure becoming stranded assets. It is a roadmap for plotting an environmentally benign path out of the country’s economic, social and environmental crises. This book is, therefore, a valuable resource for students, Civil Society Organizations, policymakers, academics and climate change adaptation practitioners who are interested in finding an environmentally sensitive path out of Nigeria’s economic cul-de-sac fostered by the decarbonization of the global energy economy. Findings of this study will trigger a national conversation on the looming exit from fossil fuels. In doing so, accelerate the integration of renewable energy into the Nigerian national development plan while building a carbon neutral society. Lessons learnt from the handling of Nigeria’s precarious circumstance will be of immense benefit to other oil prospecting, oil producing and non-producing nations who are interested in finding an equitable way of pursuing two inversely related goals of meeting their decarbonization commitments while simultaneously growing their economies in the post-Paris era.
Author: Lumumba-Kasongo, Tukumbi
Publisher: CODESRIA
ISBN: 2869787200
Category : Political Science
Languages : en
Pages : 392
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Book Description
The Great Lakes region of Africa is characterized by protest politics, partial democratization, political illegitimacy and unstable economic growth. Many of the countries that are members of the International Conference on the Great Lakes Region (ICGLR) which are: Burundi, Angola, Central African Republic, Democratic Republic of the Congo, Republic of the Congo, Kenya, Uganda, Rwanda, Sudan, South Sudan, Tanzania, and Zambia, have experienced political violence and bloodshed at one time or another. While a few states have been advancing electoral democracy, environmental protection and peaceful state building, the overall intensity of violence in the region has led to civil wars, invasion, genocide, dictatorships, political instability, and underdevelopment. Efforts to establish sustainable peace, meaningful socio-economic development and participatory democracy have not been quite successful. Using various methodologies and paradigms, this book interrogates the complexity of the causes of these conflicts; and examines their impact and implications for socio-economic development of the region. The non-consensual actions related to these conflicts and imperatives of power struggles supported by the agents of ‘savage’ capitalism have paralysed efforts toward progress. The book therefore recommends new policy frameworks within regionalist lenses and neo-realist politics to bring about sustainable peace in the region.
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.
Author: Victor Menaldo
Publisher: Cambridge University Press
ISBN: 1107138604
Category : Business & Economics
Languages : en
Pages : 417
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Book Description
Debunks the view that natural resources lead to terrible outcomes by demonstrating that oil and minerals are actually a blessing.
Author: James Cust
Publisher: World Bank Publications
ISBN: 1464817448
Category : Business & Economics
Languages : en
Pages : 257
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Book Description
This book examines the role for natural resource wealth in driving Africa’s economic transformation and the implications of the low-carbon transition for resource-rich economies. Resource wealth remains central to most Sub-Saharan African economies, and significant untapped potential is in the ground. Subsoil assets—such as metals, minerals, oil, and gas—are key sources of government revenues, export earnings, and development potential in most countries in the Africa region. Despite large reserves, success in converting subsoil wealth into aboveground sustainable prosperity has been limited. Since the decline in commodity prices in 2014, resource-rich Africa has grown more slowly than the region’s average growth rate. Finding ways to more effectively harness natural resource wealth to drive economic transformation will be central to Africa’s economic future. As the world moves away from fossil fuels in alignment with commitments under the Paris Agreement, Africa’s resource-rich countries face new risks and opportunities. Recent estimates suggest that 80 percent of the world’s proven fossil fuel reserves must remain underground to meet the Paris targets, and much of these stranded reserves may be in Africa. This issue of stranded assets and, relatedly, “stranded nations,†? has major implications for the many African economies that are dependent on petroleum extraction and export. On the other hand, the energy transition will increase demand for raw material inputs involved in clean energy technologies. The transition from fossil fuels to clean energy may create demand by 2050 for 3 billion tons of minerals and metals that are needed to deploy solar, wind, and geothermal energy. How can African economies tap into these opportunities while managing the downside risk to their fossil fuel wealth? Africa’s Resource Future explores these themes and offers policy makers insights to help them navigate the coming years of uncertainty.
Author: John James Quinn
Publisher: Taylor & Francis
ISBN: 0429751869
Category : Political Science
Languages : en
Pages : 171
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Book Description
Majority State Ownership of Oil and Mining Sectors in Africa: The Resource Curse Undermined shows that countries in sub-Saharan Africa with majority state ownership of their major oil or mineral export sectors suffered from more severe versions of the natural resource curse than other similar countries. Examining natural resource exporting nations in sub-Saharan Africa between 1966 to 2000, Quinn shows that on average, states with majority state ownership of these sectors featured lower growth, lower incomes, declining alternative export sectors, more debt, lower levels of investment, lower levels of political and civil rights, and more domestic conflict than other similar countries. These results remained fairly consistent across both cross-country data, as well as in paired case studies. One surprise finding is that these countries either had depreciating currencies, or did not feature high levels of currency appreciation, on average, which is inconsistent with resource curse literature predictions. Rather, most countries with majority state ownership had high levels of currency overvaluation – which operated in a similar manner as currency appreciation. This work should appeal to students and faculty interested in the political economy of development, the natural resource curse, and African development, as well as politicians, policy makers, and NGO workers working in these areas. The strong recommendation of the book is that governments should control 50% or less of these sectors.
Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
ISBN: 1484396308
Category : Social Science
Languages : en
Pages : 46
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Book Description
This Selected Issues paper estimates the macroeconomic impact of these discoveries and discusses potential fiscal frameworks for managing related revenues. Pre-production investment (2019–2021) will lead to an increase in the current account deficit; however, this will be followed by a boost to exports as hydrocarbon production comes online (2022 onward). Discoveries are important but will not lead to a major transformation of the economy, with hydrocarbons expected to make up not more than 5 percent of GDP. Fiscal revenues would average about 1.5 percent of GDP over a 25-year period and about 3 percent of GDP when production peaks. Given the relatively small gains in revenue, IMF staff recommends a fiscal framework that allows for an initial drawdown of government resources to finance large up-front investment needs, followed by an appropriate target level of the non-resource primary balance which is to serve as a medium-term fiscal anchor. Issues related to managing the volatility of resource revenues are also discussed.
Author: Samuel Adomako
Publisher: Springer Nature
ISBN: 3031292731
Category : Electronic books
Languages : en
Pages : 460
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Book Description
This book addresses empirical, theoretical, and policy perspectives in its examination of the development of sustainability management of African firms. Documenting cases of sustainable activities across Africa and accelerating knowledge about the opportunities and challenges facing firms operating in Africa, the chapters examine various aspects of sustainability and sustainable entrepreneurship/innovations in the African context. The authors seek to shed light on how African nations can be positioned to meet the 2030 Sustainable Development Goals as well as the innovative strategies necessary to improve sustainability practices of African firms for greater success. With guidance for scholars and policymakers, this book will serve as a valuable resource, providing readers with an up-to-date and contextual understanding of sustainability practices, drivers, and challenges in Africa. Samuel Adomako is Associate Professor of Strategy at the Birmingham Business School at the University of Birmingham, UK. Albert Danso is Associate Professor of Accounting and Finance at the Leicester Castle Business School at De Montfort University, UK. Agyenim Boateng is Professor of Finance and Director of Finance and Banking Research Centre at the Leicester Castle Business School at De Montfort University, UK.
