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Fiscal Policy and the Natural Resources Curse

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Release : 2017
Genre : Business & Economics
Kind : eBook
Book Rating : 444/5 ( reviews)

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Book Synopsis Fiscal Policy and the Natural Resources Curse by : Paul Mosley

Download or read book Fiscal Policy and the Natural Resources Curse written by Paul Mosley. This book was released on 2017. Available in PDF, EPUB and Kindle. Book excerpt: It is widely accepted that natural resource wealth, especially in the form of oil and minerals, can be a key factor in inhibiting economic development. Many of the countries that are richest in natural resources - including oil, metals and diamonds - are amongst the world's poorest. Why? Fiscal Policy and the Natural Resources Cursere-examines this ancient, unsolved puzzle, asking why many governments of natural resource-intensive countries are incapable, in a globalised world, of dealing with the natural-resource curse. This book offers a detailed analysis of the power-relationships which underpin the natural resource curse, using both statistical analysis and country case studies from Africa and Latin America to pinpoint the strategies that have enable developing countries to break out of the poverty trap. The book differs from other works on this subject, as it not only identifies the issues at stake but also offers solutions in the form of a series of suggested policy measures. The work focusses in particular on fiscal escape routes, namely measures to develop and diversify the tax system, and to reallocate and target public expenditure. This volume will be of great interest to scholars of economic development, the economics of natural resources and economic growth as well as all those with an interest in development, global politics and anti-poverty policies.

The Curse of Natural Resources

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Release : 2017-02-20
Genre : Business & Economics
Kind : eBook
Book Rating : 237/5 ( reviews)

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Book Synopsis The Curse of Natural Resources by : Sevil Acar

Download or read book The Curse of Natural Resources written by Sevil Acar. This book was released on 2017-02-20. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the paradox that resource-rich countries often struggle to manage their resources in a way that will help their economies thrive. It looks at how a country's political regime and quality of governance can determine the degree to which it benefits - or suffers - from having natural resources, shifting away from the traditional focus on economic growth data to study the complex implications of these resources for human well-being and sustainable development. To this end, Acar examines a panel of countries in terms of the effects of their natural resources on human development and genuine saving, which is a sustainability indicator that takes into account the welfare of future generations by incorporating the changes in different kinds of capital. Acar finds that the exportation of agricultural raw materials is associated with significant deterioration in human development, while extractive resource exports, such as energy and minerals, have negative implications for genuine savings. Next, the book compares the development path of Norway before and after discovering oil, contrasting it with Sweden's development. The two countries, which followed almost identical paths until the 1970s, diverged significantly in terms of per capita income after Norway found oil.

Confronting the Curse

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Author :
Release : 2014
Genre : Business & Economics
Kind : eBook
Book Rating : 763/5 ( reviews)

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Book Synopsis Confronting the Curse by : Cullen S. Hendrix

Download or read book Confronting the Curse written by Cullen S. Hendrix. This book was released on 2014. Available in PDF, EPUB and Kindle. Book excerpt: 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

The Institutions Curse

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Release : 2016-08-25
Genre : Business & Economics
Kind : eBook
Book Rating : 604/5 ( reviews)

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Book Synopsis The Institutions Curse by : Victor Menaldo

Download or read book The Institutions Curse written by Victor Menaldo. This book was released on 2016-08-25. Available in PDF, EPUB and Kindle. Book excerpt: Debunks the view that natural resources lead to terrible outcomes by demonstrating that oil and minerals are actually a blessing.

Addressing the Natural Resource Curse

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Release : 2003-07-01
Genre : Business & Economics
Kind : eBook
Book Rating : 224/5 ( reviews)

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Book Synopsis Addressing the Natural Resource Curse by : Mr. Arvind Subramanian

Download or read book Addressing the Natural Resource Curse written by Mr. Arvind Subramanian. This book was released on 2003-07-01. Available in PDF, EPUB and Kindle. Book excerpt: 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.

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