Mineral Rich Countries And Dutch Disease Understanding The Macroeconomic Implications Of Windfalls And The Development Prospects The Case Of Equatorial Guinea

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mineral-rich countries and dutch disease: understanding the macroeconomic implications of windfalls and the development prospects the case of equatorial guinea

Achille Toto Same
mineral rich countries and dutch disease understanding the macroeconomic implications of windfalls and the development prospects the case of equatorial guinea Book PDF

Author : Achille Toto Same
Publisher : World Bank Publications
Page : 37 pages
File Size : 53,8 Mb
Release : 2008
Category : Access to Finance
ISBN : 8210379456XXX

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mineral-rich countries and dutch disease: understanding the macroeconomic implications of windfalls and the development prospects the case of equatorial guinea by Achille Toto Same Pdf

Abstract: Referring to the original context of Dutch Disease, the term refers to the fears of de-industrialization that gripped the Netherlands as a result of the appreciation of the Dutch currency that followed the discovery of natural gas deposits. Expansion of petroleum exports in the 1960s not only crowded out other exports, it actually reduced other exports disproportionately and fueled the fears of dire consequences for Dutch manufacturing. In the case of Equatorial Guinea, the secondary sector represents about 2 percent of the gross domestic product, manufacturing represents less than 1 percent, and oil represents more than 95 percent. The negative impact of the Dutch Disease in this context would be limited given the structure of the economy and on the contrary may even be a good thing because it fuels the structural transformational process of the economy, which is needed in Equatorial Guinea. This paper argues that the ongoing Dutch Disease is a natural and necessary reallocation of resources in the economy of Equatorial Guinea. The magnitude of negative macroeconomic consequences of the Dutch Disease depends on the country's economic structure and stage of development. In a country where the manufacturing sector barely exists or where the non-oil primary sector is structurally deficient, as has been the case of Equatorial Guinea, there is little to fear about the disease. The oil boom is a blessing, given that oil revenues when properly managed can play a special and critical role in overall economic development and poverty reduction in low-income countries. To promote good governance in the management of the country's oil wealth, the government may wish to adhere to clear standards of accountability and transparency; especially by complying with the Extractive Industries Transparency Initiative (EITI++).

Mineral-Rich Countries and Dutch Disease

Achille Toto Same
Mineral Rich Countries and Dutch Disease Book PDF

Author : Achille Toto Same
Publisher : Unknown
Page : 37 pages
File Size : 43,5 Mb
Release : 2016
Category : Electronic
ISBN : OCLC:1290702942

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Mineral-Rich Countries and Dutch Disease by Achille Toto Same Pdf

Referring to the original context of Dutch Disease, the term refers to the fears of de-industrialization that gripped the Netherlands as a result of the appreciation of the Dutch currency that followed the discovery of natural gas deposits. Expansion of petroleum exports in the 1960s not only crowded out other exports, it actually reduced other exports disproportionately and fueled the fears of dire consequences for Dutch manufacturing.In the case of Equatorial Guinea, the secondary sector represents about 2 percent of the gross domestic product, manufacturing represents less than 1 percent, and oil represents more than 95 percent. The negative impact of the Dutch Disease in this context would be limited given the structure of the economy and on the contrary may even be a good thing because it fuels the structural transformational process of the economy, which is needed in Equatorial Guinea. This paper argues that the ongoing Dutch Disease is a natural and necessary reallocation of resources in the economy of Equatorial Guinea.The magnitude of negative macroeconomic consequences of the Dutch Disease depends on the country's economic structure and stage of development. In a country where the manufacturing sector barely exists or where the non-oil primary sector is structurally deficient, as has been the case of Equatorial Guinea, there is little to fear about the disease. The oil boom is a blessing, given that oil revenues when properly managed can play a special and critical role in overall economic development and poverty reduction in low-income countries. To promote good governance in the management of the country's oil wealth, the government may wish to adhere to clear standards of accountability and transparency; especially by complying with the Extractive Industries Transparency Initiative (EITI++).

Sovereign Wealth Funds

Christopher Balding
Sovereign Wealth Funds Book PDF

Author : Christopher Balding
Publisher : Oxford University Press, USA
Page : 232 pages
File Size : 49,9 Mb
Release : 2012
Category : Business & Economics
ISBN : 9780199752119

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Sovereign Wealth Funds by Christopher Balding Pdf

Sovereign wealth funds are a growing and dynamic force in international finance. This is the first book to compile a history of sovereign wealth funds, recounting the Abu Dhabi Investment Authority's involvement with the scandal-plagued BCCI bank and Chinese arms exports to Iran. In a straightforward and accessible style, the author examines the complex and amazing growth of an unknown group of investors controlling trillions of dollars worldwide.

Oil, Democracy, and Development in Africa

John R. Heilbrunn
Oil Democracy and Development in Africa Book PDF

Author : John R. Heilbrunn
Publisher : Cambridge University Press
Page : 281 pages
File Size : 44,8 Mb
Release : 2014-04-21
Category : Business & Economics
ISBN : 9781107049819

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Oil, Democracy, and Development in Africa by John R. Heilbrunn Pdf

This book focuses on the history, key industry and policy actors, and political economic outcomes in oil-producing African states, filling a gap in the literature on resource-abundant countries by providing an optimistic assessment of circumstances in contemporary Africa.

Oil to Cash

Todd Moss,Caroline Lambert,Stephanie Majerowicz
Oil to Cash Book PDF

Author : Todd Moss,Caroline Lambert,Stephanie Majerowicz
Publisher : Brookings Institution Press
Page : 188 pages
File Size : 49,6 Mb
Release : 2015-06-10
Category : Political Science
ISBN : 9781933286877

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Oil to Cash by Todd Moss,Caroline Lambert,Stephanie Majerowicz Pdf

What should a country do if it suddenly discovers oil and gas? How should it spend the subsequent cash windfall? How can it protect against corruption? How can citizens truly benefit from national wealth? With many of the world's poorest and most fragile states suddenly joining the ranks of oil and gas producers, these are pressing policy questions. Oil to Cash explores one option that may help avoid the so-called resource curse: just give the money directly to citizens. A universal, transparent, and regular cash transfer would not only provide a concrete benefit to regular people, but would also create powerful incentives for citizens to hold their government accountable. Oil to Cash details how and where this idea could work and how policymakers can learn from the experiences with cash transfers in places like Mexico, Mongolia, and Alaska.

Crowdfunding and Sustainable Urban Development in Emerging Economies

Benna, Umar G.,Benna, Abubakar U.
Crowdfunding and Sustainable Urban Development in Emerging Economies Book PDF

Author : Benna, Umar G.,Benna, Abubakar U.
Publisher : IGI Global
Page : 343 pages
File Size : 41,5 Mb
Release : 2018-02-28
Category : Business & Economics
ISBN : 9781522539537

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Crowdfunding and Sustainable Urban Development in Emerging Economies by Benna, Umar G.,Benna, Abubakar U. Pdf

Economic and societal systems continually evolve as the needs and demands of society change. With the development of new technologies, research, and discoveries, various opportunities emerge for venture development and developing economies. Crowdfunding and Sustainable Urban Development in Emerging Economies provides innovative research on current issues in the rise of new platforms for digital activities, a collaborative economy, crowdsourcing, crowdfunding, and other activities that are shaping developing countries. Highlighting a range of pertinent topics, such as infrastructure finance, tertiary educational institutions, and urban sustainability, this book is an important resource for academicians, practitioners, researchers, and students.

Mining Africa. Law, Environment, Society and Politics in Historical and Multidisciplinary Perspectives

Artwell Nhemachena,V. Warikandwa
Mining Africa Law Environment Society and Politics in Historical and Multidisciplinary Perspectives Book PDF

Author : Artwell Nhemachena,V. Warikandwa
Publisher : African Books Collective
Page : 394 pages
File Size : 49,6 Mb
Release : 2017-05-01
Category : Social Science
ISBN : 9789956764563

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Mining Africa. Law, Environment, Society and Politics in Historical and Multidisciplinary Perspectives by Artwell Nhemachena,V. Warikandwa Pdf

This book is a pacesetter in matters of mining and the environment in Africa from multidisciplinary and spatio-temporal perspectives. The book approaches mining from the perspectives of law, politics, archaeology, anthropology, African studies, geography, human ecology, sociology, history, economics and development. It interrogates mining and environment from the perspectives of customary law as well as from the perspectives of Euro-modern laws. In this sense, the book straddles precolonial, colonial and postcolonial mining and environmental perspectives. In all this, it maintains a Pan-Africanist perspective that also speaks to contemporary debates on African Renaissance and to the unity of Africa. From scrutinising the lived realities of African miners who are often insensitively and unjustly addressed as illegal miners, the book also interrogates transnational mining corporations; matters of corporate social responsibility as well as matters of tax evasions by transnational corporations whose commitment to accountability to African governments is questioned. With both theoretical chapters and chapter based on empirical studies on mining and the environment across the African continent, the book provides a much needed holistic, one stop shop for scholars, activists, researchers and policy makers who need a comprehensive treatise on African mining and the environment. The book comes at the right time when matters of African mining and environment are increasingly coming to the fore in the light of discourses about the new 21st century scramble for African resources, in which big transnational corporations and nations are jostling to suck Africa dry in their race to control planetary resources. It is a book that speaks to contemporary broader issues of (de-)coloniality and transformation of African minds and African environmental resources.

The Crises of Postcoloniality in Africa

Omeje, Kenneth
The Crises of Postcoloniality in Africa Book PDF

Author : Omeje, Kenneth
Publisher : CODESRIA
Page : 248 pages
File Size : 48,9 Mb
Release : 2017-05-05
Category : Political Science
ISBN : 9782869786028

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The Crises of Postcoloniality in Africa by Omeje, Kenneth Pdf

The Crises of Postcoloniality in Africa is an assemblage of transdisciplinary essays that offer a spirited reflection on the debate and phenomenon of postcoloniality in Africa, including the changing patterns and ramifications of problems, challenges and opportunities associated with it. A key conceptual rhythm that runs through the various chapters of the book is that, far from being demised, postcoloniality is still firmly embedded in Africa, manifesting itself in both blatant and insidious forms. Among the important themes covered in the book include the concepts of postcolonialism, postcoloniality, and neocolonialism; Africa’s precolonial formations and the impact of colonialism; the enduring patterns of colonial legacies in Africa; the persistent contradictions between African indigenous institutions and western versions of modernity; the unravelling of the postcolonial state and issues of armed conflict, conflict intervention and peacebuilding; postcolonial imperialism in Africa and the US-led global war on terror, the historical and postcolonial contexts of gender relations in Africa, as well as pan-Africanism and regionalist approaches to redressing the crises of postcoloniality.

The Oxford Handbook of Sovereign Wealth Funds

Douglas J. Cumming,Geoffrey Wood,Igor Filatotchev,Juliane Reinecke
The Oxford Handbook of Sovereign Wealth Funds Book PDF

Author : Douglas J. Cumming,Geoffrey Wood,Igor Filatotchev,Juliane Reinecke
Publisher : Oxford University Press
Page : 568 pages
File Size : 49,7 Mb
Release : 2017-10-26
Category : Business & Economics
ISBN : 9780191070822

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The Oxford Handbook of Sovereign Wealth Funds by Douglas J. Cumming,Geoffrey Wood,Igor Filatotchev,Juliane Reinecke Pdf

Sovereign Wealth Funds (SWFs) represent both an increasingly important - and potentially dominant - category of alternative investor, and a novel form for governments to project their interests both home and abroad. As such, they represent both economic actors and embody power vested in the financial and diplomatic resources they can leverage. Although at times they have acted in concert with other alternative investors, their intergenerational savings function should, in theory at least, promote more long-termist thinking. However, they may be impelled in towards greater short termism, in response to popular pressures, demands from predatory elites and/or unforeseen external shocks. Of all the categories of alternative investment, SWFs perhaps embody the most contradictory pressures, making for diverse and complex outcomes. The aim of this volume is to consolidate the present state of the art, and advance the field through new applied, conceptual and theoretical insights. The volume is ordered into chapters that explore thematic issues and country studies, incorporating novel insights in on the most recent developments in the SWF ecosystem. This handbook is organized into four sections and 23 chapters. The four sections are: Governance of SWFs, Political and Legal Aspects of SWFs, Investment Choices and Structures of SWFs, Country and Regional Analyses of SWFs.

Natural Resources and Economic Development

Edward B. Barbier
Natural Resources and Economic Development Book PDF

Author : Edward B. Barbier
Publisher : Cambridge University Press
Page : 451 pages
File Size : 46,7 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.

Oil to Cash

Todd Moss,Caroline Lambert,Stephanie Majerowicz
Oil to Cash Book PDF

Author : Todd Moss,Caroline Lambert,Stephanie Majerowicz
Publisher : CGD Books
Page : 190 pages
File Size : 47,5 Mb
Release : 2015-06-10
Category : Business & Economics
ISBN : 9781933286693

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Oil to Cash by Todd Moss,Caroline Lambert,Stephanie Majerowicz Pdf

Oil to Cash explores one option to help countries with new oil revenue avoid the so-called resource curse: just give the money directly to citizens. A universal, transparent, and regular cash transfer would not only provide a concrete benefit to regular people, but would also create powerful incentives for citizens to hold their government accountable. Oil to Cash details how and where this idea could work and how policymakers can learn from the experiences with cash transfers in places like Mexico, Mongolia, and Alaska.

Global Economic Prospects 2006

Anonim
Global Economic Prospects 2006 Book PDF

Author : Anonim
Publisher : World Bank Publications
Page : 182 pages
File Size : 41,5 Mb
Release : 2024-07-03
Category : Electronic
ISBN : 9780821363454

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Global Economic Prospects 2006 by Anonim Pdf

International migration, the movement of people across international boundaries to improve economic opportunity, has enormous implications for growth and welfare in both origin and destination countries. An important benefit to developing countries is the receipt of remittances or transfers from income earned by overseas emigrants. Official data show that development countries' remittance receipts totaled 160 billion in 2004, more than twice the size of official aid. This year's edition of Global Economic Prospects focuses on remittances and migration. The bulk of the book covers remittances.

Diversified Development

Indermit S. Gill,Ivailo Izvorski,Willem van Eeghen,Donato De Rosa
Diversified Development Book PDF

Author : Indermit S. Gill,Ivailo Izvorski,Willem van Eeghen,Donato De Rosa
Publisher : World Bank Publications
Page : 400 pages
File Size : 52,8 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.

Global Waves of Debt

M. Ayhan Kose,Peter Nagle,Franziska Ohnsorge,Naotaka Sugawara
Global Waves of Debt Book PDF

Author : M. Ayhan Kose,Peter Nagle,Franziska Ohnsorge,Naotaka Sugawara
Publisher : World Bank Publications
Page : 403 pages
File Size : 40,7 Mb
Release : 2021-03-03
Category : Business & Economics
ISBN : 9781464815454

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Global Waves of Debt by M. Ayhan Kose,Peter Nagle,Franziska Ohnsorge,Naotaka Sugawara Pdf

The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.

Key Issues in Natural Resource Taxation and Revenue Management in the Commonwealth

Daniel Wilde
Key Issues in Natural Resource Taxation and Revenue Management in the Commonwealth Book PDF

Author : Daniel Wilde
Publisher : Commonwealth Secretariat
Page : 49 pages
File Size : 52,8 Mb
Release : 2016-10-11
Category : Commonwealth countries
ISBN : 9781849291606

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Key Issues in Natural Resource Taxation and Revenue Management in the Commonwealth by Daniel Wilde Pdf

Public policies in taxation and revenue management are key to ensuring natural resource wealth results in economic development. Tax policy and systems should ensure that whenever natural resources are extracted, the host state receives a fair share of revenue. Revenue management policies are required to ensure that government revenues from natural resources are wisely used to finance sustainable economic development. This Economic Paper analyses key issues in natural resource taxation and revenue management and recommends policies that can improve countries’ economic performance. The discussion draws on economic theory, empirical evidence and the work of the Commonwealth Secretariat.