Economic Diversification Policies in Natural Resource Rich Economies - 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 Economic Diversification Policies in Natural Resource Rich Economies write by Sami Mahroum. This book was released on 2016-08-05. Economic Diversification Policies in Natural Resource Rich Economies available in PDF, EPUB and Kindle. 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
Natural Resource Abundance, Growth, and Diversification in the Middle East and North 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 Natural Resource Abundance, Growth, and Diversification in the Middle East and North Africa write by Ndiame' Diop. This book was released on 2012-10-01. Natural Resource Abundance, Growth, and Diversification in the Middle East and North Africa available in PDF, EPUB and Kindle. 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
Natural Resources, Volatility, and Inclusive Growth - 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 Natural Resources, Volatility, and Inclusive Growth write by Mr.Rabah Arezki. This book was released on 2012-05-01. Natural Resources, Volatility, and Inclusive Growth available in PDF, EPUB and Kindle. 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
The World Bank Research Observer - 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 The World Bank Research Observer write by . This book was released on 2003. The World Bank Research Observer available in PDF, EPUB and Kindle.
Resource Abundance and Economic Development
Resource Abundance and Economic Development - 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 Resource Abundance and Economic Development write by R. M. Auty. This book was released on 2001-06-28. Resource Abundance and Economic Development available in PDF, EPUB and Kindle. 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.
