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Economic Diversification Policies in Natural Resource Rich Economies

2016-08-05 Business & Economics
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Release : 2016-08-05
Genre : Business & Economics
Kind : eBook
Book Rating : 74X/5 ( reviews)

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Book Synopsis Economic Diversification Policies in Natural Resource Rich Economies by : Sami Mahroum

Download or read book Economic Diversification Policies in Natural Resource Rich Economies written by Sami Mahroum. This book was released on 2016-08-05. Available in PDF, EPUB and Kindle. Book excerpt: Economic diversification remains at the top of the agenda for hundreds of regions around the world. From the single commodity economies of African countries and the Caribbean, to the many single industry regions of Europe and North America, as well as the oil and gas rich but volatile hydrocarbon economies. Economic diversification policies have been around for almost a century with varying degrees of success and failure. Economic Diversification Policies in Natural Resource Rich Economies takes a special interest in the policy experiences of a set of different countries that have extractive industries representing significant drivers of their economies and subsequently are significant contributors to government revenues. It explores twelve cases including upper-middle to high income economies such as Canada, Australia, Iceland and Norway, emerging economies such as Latin America, the GCC (Saudi and UAE), Kazakhstan, Malaysia and Russia, as well as the developing economy of Uganda. Each chapter provides a review of economic diversification experiences including policy environment, diversification strategies, desired outcomes, the role of government, and a critical evaluation of achievements. This book is suitable for those who study environmental economics, development economics and resource management.

Natural Resource Abundance, Growth, and Diversification in the Middle East and North Africa

2012-10-01 Business & Economics
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Release : 2012-10-01
Genre : Business & Economics
Kind : eBook
Book Rating : 920/5 ( reviews)

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Book Synopsis Natural Resource Abundance, Growth, and Diversification in the Middle East and North Africa by : Ndiame' Diop

Download or read book Natural Resource Abundance, Growth, and Diversification in the Middle East and North Africa written by Ndiame' Diop. This book was released on 2012-10-01. Available in PDF, EPUB and Kindle. Book excerpt: MENA holds more than 60% of oil and nearly 50% of gas reserves, making its economy very vulnerable to price fluctuations. This volume investigates the effect of natural resources and the role of policies on achieving higher and sustained growth through economic diversification.

Natural Resources, Volatility, and Inclusive Growth

2012-05-01 Nature
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Release : 2012-05-01
Genre : Nature
Kind : eBook
Book Rating : 625/5 ( reviews)

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Book Synopsis Natural Resources, Volatility, and Inclusive Growth by : Mr.Rabah Arezki

Download or read book Natural Resources, Volatility, and Inclusive Growth written by Mr.Rabah Arezki. This book was released on 2012-05-01. Available in PDF, EPUB and Kindle. Book excerpt: This paper takes stock of the economic performance of resource rich countries in the Middle East and North Africa (MENA) over the past forty years. While those countries have maintained high levels of income per capita, they have performed poorly when going beyond the assessment based on standard income level measures. Resource rich countries in MENA have experienced relatively low and non inclusive economic growth as well as high levels of macroeconomic volatility. Important improvements in health and education have taken place but the quality of the provision of public goods and services remains an important source of concerns. Looking forward we argue that the success of economic reforms in MENA rests on the ability of those countries to invest boldly in building inclusive institutions as well as high levels of human capacity in public administrations.

The World Bank Research Observer

2003 Computer network resources
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Release : 2003
Genre : Computer network resources
Kind : eBook
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Book Synopsis The World Bank Research Observer by :

Download or read book The World Bank Research Observer written by . This book was released on 2003. Available in PDF, EPUB and Kindle. Book excerpt:

Reducing Natural Resource Dependency for Economic Growth in Resource Rich Countries

2023-07-21 Business & Economics
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Release : 2023-07-21
Genre : Business & Economics
Kind : eBook
Book Rating : 403/5 ( reviews)

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Book Synopsis Reducing Natural Resource Dependency for Economic Growth in Resource Rich Countries by : Goran M. Muhamad

Download or read book Reducing Natural Resource Dependency for Economic Growth in Resource Rich Countries written by Goran M. Muhamad. This book was released on 2023-07-21. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the reduction of natural resource revenue dependency in resource-rich countries. Such countries experience lower economic growth due to factors of high volatility in commodity prices, reduction in accountability, undermining of the competitiveness of other economic sectors, and weak power of institutions. The analysis is based on an identified gap in the literature regarding how private sector development and public sector development affect the degree of dependency on resource revenue in natural resource-rich countries. This book studies the interaction between private and public sector development with dependency on natural resources, specifically exploring whether the two diversified factors lead to a decrease in the degree of dependency, which is important for economic growth and to overcome the "resource curse". Economic diversification is viewed as a long-term solution to the high economic dependency from natural resources. Private sector development and public sector reforms may lead to this diversification. The analysis of the book helps to shed light on private sector development, public services sector privatization, and a taxation system to diversify sources of income, with the objective to reduce dependency on natural resources extraction. This book is an invaluable read for public policymakers, the public and private sectors, law makers, and scholars of developmental studies.

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