Boom, Bust, or Prosperity? Managing Sub-Saharan Africa’s Natural Resource Wealth

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Release : 2013-08-27
Genre : Nature
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Book Rating : 327/5 ( reviews)

Boom, Bust, or Prosperity? Managing Sub-Saharan Africa’s Natural Resource Wealth - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Boom, Bust, or Prosperity? Managing Sub-Saharan Africa’s Natural Resource Wealth write by Charlotte J. Lundgren. This book was released on 2013-08-27. Boom, Bust, or Prosperity? Managing Sub-Saharan Africa’s Natural Resource Wealth available in PDF, EPUB and Kindle. Sizeable natural resource endowments and potentially large financial inflows from their extraction provide an unparalleled opportunity for economic growth and development in a growing number of sub-Saharan African countries. Empirical evidence suggests, however, that translating this resource wealth into stronger economic performance and a higher standard of living has proven challenging. Much has been written about the resource curse. This publication focuses on solutions to the challenges and outlines the main policy considerations and options in managing natural resource wealth, drawing on experience within and outside sub-Saharan Africa and referring closely to the latest analysis and policy advice in this area by the IMF, the World Bank, and leading academic research. A key feature of each chapter is a recommended reading list for those who wish additional, more in-depth material on these issues to further inform policymakers and other stakeholders on the theoretical and analytical underpinnings of the policy advice.

Boom, Bust, Or Prosperity?

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Release : 2013
Genre : Economic development
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Book Rating : 431/5 ( reviews)

Boom, Bust, Or Prosperity? - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Boom, Bust, Or Prosperity? write by Charlotte J. Lundgren. This book was released on 2013. Boom, Bust, Or Prosperity? available in PDF, EPUB and Kindle. Sizable natural resource endowments and potentially large financial inflows from their extraction provide an unparalleled opportunity for economic growth and development in a growing number of sub-Saharan African countries. Empirical evidence suggests, however, that translating this resource wealth into stronger economic performance and a higher standard of living has proved challenging. Much has been written about the resource curse. This publication focuses on solutions to the challenges and outlines the main policy considerations and options in managing natural resource wealth, drawing on experience within and outside sub-Saharan Africa and referring closely to the latest analysis and policy advice in this area by the IMF, the World Bank, and leading academic research. A key feature of each chapter is a recommended reading list for those who wish additional, more in-depth material on these issues to further inform policymakers and other stakeholders on the theoretical and analytical underpinnings of the policy advice.

Routledge Handbook of Natural Resource Governance in Africa

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Release : 2024-03-13
Genre : Business & Economics
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Book Rating : 339/5 ( reviews)

Routledge Handbook of Natural Resource Governance in Africa - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Routledge Handbook of Natural Resource Governance in Africa write by Hany Besada. This book was released on 2024-03-13. Routledge Handbook of Natural Resource Governance in Africa available in PDF, EPUB and Kindle. The Routledge Handbook of Natural Resource Governance in Africa provides a comprehensive analysis of African natural resource governance, stretching across the continent, and encompassing water, land, extractive resources, and mining. Africa’s natural resources are not only crucial for the continent from an economic, environmental, and political perspective, but they are also of significant geopolitical importance, with direct implication for meeting the global challenges outlined in the Sustainable Development Goals. Whether an abundance of natural resources proves to be a curse or a blessing depends on the nature, extent, and outcome of the effort and experience of an individual country in governing and managing such assets. It is with this in mind that this ground-breaking handbook brings together experts from across the field of natural resource development to reflect on the varied regime types and paradigms within the continent’s natural resource sectors, the specific challenges they face, and their role within global value chains. The book first considers governance for sustainable development and discourses of land and development financing, before going on to investigate the regulatory and policy impacts, and socioeconomic implications of natural resource management. Finally, the Handbook situates the African continent within the emerging global energy transition; examining trends in South-South cooperation, and new frontiers for the harnessing of critical tools in a sustainable future for natural resource governance and management. Overall, the Handbook’s in-depth analysis provides a unique blend of realism and optimism, highlighting the importance of building a new sustainable African resource narrative for shared prosperity. The handbook will be an essential read for researchers and policy makers with an interest in sustainable development and natural resource governance in Africa.

Africa's Resource Future

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Release : 2023-04-20
Genre : Business & Economics
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Book Rating : 448/5 ( reviews)

Africa's Resource Future - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Africa's Resource Future write by James Cust. This book was released on 2023-04-20. Africa's Resource Future available in PDF, EPUB and Kindle. 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.

New Frontiers in Natural Resources Management in Africa

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Release : 2019-06-07
Genre : Political Science
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Book Rating : 576/5 ( reviews)

New Frontiers in Natural Resources Management in Africa - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook New Frontiers in Natural Resources Management in Africa write by Elias T. Ayuk. This book was released on 2019-06-07. New Frontiers in Natural Resources Management in Africa available in PDF, EPUB and Kindle. This book discusses policy strategies for the effective management of natural resources in Africa within the context of the United Nations’ Sustainable Development Goals (SDG). While natural resource wealth has the potential to lift many out of poverty, sustain economic growth, and foster political stability, it does not guarantee these benefits. The absolute levels of human development in many resource-rich countries remain low, despite their apparent wealth. The challenge is to adopt policies that better harness the potential of natural resources, not only as an opportunity for development, but also to foster policies and institutional innovations that manage resource wealth equitably and boost human capital. To this end, this volume highlights key opportunities and solutions for harnessing natural resources for sustained economic development and explain how such approaches should be incorporated into the SDG agenda. These opportunities are communicated in the form of policy recommendations that in some cases, are country specific but can (and should) be adapted by individual African countries where applicable. With a broad perspective supplied by a diverse group of authors, this book will be useful for graduate students and academicians studying Africa, development economics, economic policy, and resource management, as well as policy makers, NGOs, and IGOs.