Economic Diversification Policies In Natural Resource Rich Economies

Author : Sami Mahroum,Yasser Al-Saleh
Publisher : Routledge
Page : 353 pages
File Size : 52,6 Mb
Release : 2016-08-05
Category : Business & Economics
ISBN : 9781317338758

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Economic Diversification Policies in Natural Resource Rich Economies by Sami Mahroum,Yasser Al-Saleh Pdf

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.

Author : Ndiame' Diop,Daniela Marotta,Jaime de Melo
Publisher : World Bank Publications
Page : 229 pages
File Size : 45,7 Mb
Release : 2012-10-01
Category : Business & Economics
ISBN : 9780821395929

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Natural Resource Abundance, Growth, and Diversification in the Middle East and North Africa by Ndiame' Diop,Daniela Marotta,Jaime de Melo Pdf

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.

Author : Mr.Rabah Arezki,Mr.Mustapha K. Nabli
Publisher : International Monetary Fund
Page : 49 pages
File Size : 45,7 Mb
Release : 2012-05-01
Category : Nature
ISBN : 9781475553628

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Natural Resources, Volatility, and Inclusive Growth by Mr.Rabah Arezki,Mr.Mustapha K. Nabli Pdf

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.

Author : Goran M. Muhamad
Publisher : Springer Nature
Page : 212 pages
File Size : 50,8 Mb
Release : 2023-07-21
Category : Business & Economics
ISBN : 9789819936403

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Reducing Natural Resource Dependency for Economic Growth in Resource Rich Countries by Goran M. Muhamad Pdf

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.

Author : Rabah Arezki,Thorvaldur Gylfason,International Monetary Fund
Publisher : Unknown
Page : 275 pages
File Size : 47,8 Mb
Release : 2011
Category : Law
ISBN : 1616351454

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Beyond the Curse by Rabah Arezki,Thorvaldur Gylfason,International Monetary Fund Pdf

Countries with an abundance of natural resources, many of which are in sub-Saharan Africa, often show a record of relatively poor economic performance compared with non-resource-rich countries. The chapters in this volume explore the potential challenges to countries with abundant natural resources and ways to manage these challenges so as to reap the benefits of resource wealth while avoiding the pitfalls. The book is divided into five sections, which explore commodity markets and the macroeconomy, economic diversification and the role of finance, fiscal policy, exchange rates and financial stability, and governance. The ideas in this book were first presented at a seminar in November 2010 that was aimed primarily at policymakers in sub-Saharan Africa and brought together ministers, central bank governors, other senior policymakers, and well-known academics.

Author : Indermit S. Gill,Ivailo Izvorski,Willem van Eeghen,Donato De Rosa
Publisher : World Bank Publications
Page : 398 pages
File Size : 55,5 Mb
Release : 2014-02-26
Category : Business & Economics
ISBN : 9781464801204

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Diversified Development by Indermit S. Gill,Ivailo Izvorski,Willem van Eeghen,Donato De Rosa Pdf

Eurasian economies have to become efficient more productive, job-creating, and stable. But efficiency is not the same as diversification. Governments need to worry less about the composition of exports and production and more about asset portfolios natural resources, built capital, and economic institutions.

Author : R. M. Auty
Publisher : Oxford University Press
Page : 357 pages
File Size : 42,5 Mb
Release : 2001-06-28
Category : Business & Economics
ISBN : 9780199246885

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Resource Abundance and Economic Development by R. M. Auty Pdf

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.

Author : Daniel Lederman,William F Maloney
Publisher : World Bank Publications
Page : 392 pages
File Size : 49,5 Mb
Release : 2006-10-23
Category : Nature
ISBN : 0821365460

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Natural Resources, Neither Curse nor Destiny by Daniel Lederman,William F Maloney Pdf

'Natural Resources: Neither Course nor Destiny' brings together a variety of analytical perspectives, ranging from econometric analyses of economic growth to historical studies of successful development experiences in countries with abundant natural resources. The evidence suggests that natural resources are neither a curse nor destiny. Natural resources can actually spur economic development when combined with the accumulation of knowledge for economic innovation. Furthermore, natural resource abundance need not be the only determinant of the structure of trade in developing countries. In fact, the accumulation of knowledge, infrastructure, and the quality of governance all seem to determine not only what countries produce and export, but also how firms and workers produce any good.

Author : Richard M. Auty
Publisher : Unknown
Page : 82 pages
File Size : 52,6 Mb
Release : 1998
Category : Commercial policy
ISBN : STANFORD:36105028974066

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Resource Abundance and Economic Development by Richard M. Auty Pdf

Author : Jörg Mayer,Brian Chambers,Ayisha Farooq
Publisher : Edward Elgar Publishing
Page : 240 pages
File Size : 51,6 Mb
Release : 1999-05-26
Category : Business & Economics
ISBN : 1782541292

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Development Policies in Natural Resource Economies by Jörg Mayer,Brian Chambers,Ayisha Farooq Pdf

An examination of the factors that influence economic growth and sustainable development in countries with a significant natural resource sector. It looks at how to make the primary sector sufficiently productive to provide for investment in both itself and other sectors of the economy.

Author : Richard M. Auty,Raymond F. Mikesell
Publisher : Clarendon Press
Page : 312 pages
File Size : 46,6 Mb
Release : 1998
Category : Business & Economics
ISBN : 0198294875

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Sustainable Development in Mineral Economies by Richard M. Auty,Raymond F. Mikesell Pdf

This book discusses mineral economies in Botswana, Chile, Colombia, Indonesia, Jamaica, Namibia, Papua New Guinea, Peru, and Trinidad and Tobago.

Author : Grzegorz Peszko,Dominique van der Mensbrugghe,Alexander Golub,John Ward,Cor Marijs,Anne Schopp,John Rogers,Amelia Midgley
Publisher : World Bank Publications
Page : 160 pages
File Size : 41,7 Mb
Release : 2020-07-24
Category : Nature
ISBN : 9781464813412

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Diversification and Cooperation in a Decarbonizing World by Grzegorz Peszko,Dominique van der Mensbrugghe,Alexander Golub,John Ward,Cor Marijs,Anne Schopp,John Rogers,Amelia Midgley Pdf

This book is the first stocktaking of what the decarbonization of the world economy means for fossil fuel†“dependent countries. These countries are the most exposed to the impacts of global climate policies and, at the same time, are often unprepared to manage them. They depend on the export of oil, gas, or coal; the use of carbon-intensive infrastructure (for example, refineries, petrochemicals, and coal power plants); or both. Fossil fuel†“dependent countries face financial, fiscal, and macro-structural risks from the transition of the global economy away from carbon-intensive fuels and the value chains based on them. This book focuses on managing these transition risks and harnessing related opportunities. Diversification and Cooperation in a Decarbonizing World identifies multiple strategies that fossil fuel†“dependent countries can pursue to navigate the turbulent waters of a low-carbon transition. The policy and investment choices to be made in the next decade will determine these countries’ degree of exposure and overall resilience. Abandoning their comfort zones and developing completely new skills and capabilities in a time frame consistent with the Paris Agreement on climate change is a daunting challenge and requires long-term revenue visibility and consistent policy leadership. This book proposes a constructive framework for climate strategies for fossil fuel†“dependent countries based on new approaches to diversification and international climate cooperation. Climate policy leaders share responsibility for creating room for all countries to contribute to the goals of the Paris Agreement, taking into account the specific vulnerabilities and opportunities each country faces.

Author : Edward B. Barbier
Publisher : Cambridge University Press
Page : 451 pages
File Size : 41,5 Mb
Release : 2019-09-19
Category : Business & Economics
ISBN : 9781107179264

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Natural Resources and Economic Development by Edward B. Barbier Pdf

The second edition of this landmark book explores how natural resources contribute to development in poor economies.

Author : Judith Rees
Publisher : Routledge
Page : 518 pages
File Size : 55,6 Mb
Release : 2017-10-19
Category : Business & Economics
ISBN : 9781351623049

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Natural Resources by Judith Rees Pdf

In this book, first published in 1990, Judith Rees considers the spatial distribution of resource availability, development and consumption, and the distribution of resource-generated wealth and welfare. Showing that there are no simple answers, she analyses the complex interactions between economic forces, administrative structures and political institutions. This well-structured text is essential reading for upper-level students in geography, environmental planning, economics and resource management.

Author : Anonim
Publisher : Unknown
Page : 300 pages
File Size : 53,6 Mb
Release : 2003
Category : Computer network resources
ISBN : MINN:31951P00897009O

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The World Bank Research Observer by Anonim Pdf