Public Investment In A Developing Country Facing Resource Depletion

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Public Investment in a Developing Country Facing Resource Depletion

Adrian Alter,Matteo Ghilardi,Ms.Dalia Hakura
Public Investment in a Developing Country Facing Resource Depletion Book PDF

Author : Adrian Alter,Matteo Ghilardi,Ms.Dalia Hakura
Publisher : International Monetary Fund
Page : 35 pages
File Size : 54,6 Mb
Release : 2015-11-10
Category : Business & Economics
ISBN : 9781513597577

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Public Investment in a Developing Country Facing Resource Depletion by Adrian Alter,Matteo Ghilardi,Ms.Dalia Hakura Pdf

This paper analyzes the tradeoffs between savings, debt and public investment in the Republic of Congo, a developing country with looming oil exhaustibility concerns. Our results highlight the risks to fiscal and capital sustainability of oil exporting countries from large scaling-up in public investment and oil price volatility in view of a projected decline in the oil revenue to GDP ratio. However, structural reforms that improve the efficiency of public investment can allow for a relatively faster buildup of sustainable public capital and sustain higher non-oil growth without adversely affecting the debt ratio or savings. Moreover, we show that even if a government pursues prudent fiscal policy that preserves resource wealth and debt sustainability in the face of exhaustible and volatile resource revenues, low public investment quality in the form of a misallocation of resources can hinder attainment of sustainable public capital and positive non-oil growth.

Public Investment in Resource-Abundant Developing Countries

Mr.Andrew Berg,Rafael Portillo,Ms.Susan S. Yang,Luis-Felipe Zanna
Public Investment in Resource Abundant Developing Countries Book PDF

Author : Mr.Andrew Berg,Rafael Portillo,Ms.Susan S. Yang,Luis-Felipe Zanna
Publisher : International Monetary Fund
Page : 48 pages
File Size : 52,9 Mb
Release : 2012-11-15
Category : Business & Economics
ISBN : 9781475535563

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Public Investment in Resource-Abundant Developing Countries by Mr.Andrew Berg,Rafael Portillo,Ms.Susan S. Yang,Luis-Felipe Zanna Pdf

Natural resource revenues provide a valuable source to finance public investment in developing countries, which frequently face borrowing constraints and tax revenue mobilization problems. This paper develops a dynamic stochastic small open economy model to analyze the macroeconomic effects of investing natural resource revenues, making explicit the role of pervasive features in these countries including public investment inefficiency, absorptive capacity constraints, Dutch disease, and financing needs to sustain capital. Revenue exhaustibility raises medium-term issues of how to sustain capital built during a windfall, while revenue volatility raises short-term concerns about macroeconomic instability. Using the model, country applications show how combining public investment with a resource fund---a sustainable investing approach---can help address the macroeconomic problems associated with both exhaustibility and volatility. The applications also demonstrate how the model can be used to determine the appropriate magnitude of the investment scaling-up (accounting for the financing needs to sustain capital) and the adequate size of a stabilization fund (buffer).

Rents to Riches?

Naazneen Barma,Kai Kaiser,Tuan Minh Le,Lorena Viñuela
Rents to Riches Book PDF

Author : Naazneen Barma,Kai Kaiser,Tuan Minh Le,Lorena Viñuela
Publisher : World Bank Publications
Page : 303 pages
File Size : 54,5 Mb
Release : 2011-12-08
Category : Business & Economics
ISBN : 9780821387160

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Rents to Riches? by Naazneen Barma,Kai Kaiser,Tuan Minh Le,Lorena Viñuela Pdf

This volume focuses on the political economy surrounding the detailed decisions that governments make at each step of the value chain for natural resource management. From the perspective of public interest or good governance, many resource-dependent developing countries pursue apparently short-sighted and sub-optimal policies in relation to the extraction and capture of resource rents, and to spending and savings from their resource endowments. This work contextualizes these micro-level choices and outcomes.

Global Trends 2040

National Intelligence Council
Global Trends 2040 Book PDF

Author : National Intelligence Council
Publisher : Cosimo Reports
Page : 158 pages
File Size : 54,5 Mb
Release : 2021-03
Category : Electronic
ISBN : 1646794974

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Global Trends 2040 by National Intelligence Council Pdf

"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.

Trends and Challenges in Infrastructure Investment in Low-Income Developing Countries

Daniel Gurara,Mr.Vladimir Klyuev,MissNkunde Mwase,Andrea Presbitero,Xin Cindy Xu,Mr.Geoffrey J Bannister
Trends and Challenges in Infrastructure Investment in Low Income Developing Countries Book PDF

Author : Daniel Gurara,Mr.Vladimir Klyuev,MissNkunde Mwase,Andrea Presbitero,Xin Cindy Xu,Mr.Geoffrey J Bannister
Publisher : International Monetary Fund
Page : 31 pages
File Size : 44,8 Mb
Release : 2017-11-07
Category : Business & Economics
ISBN : 9781484328583

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Trends and Challenges in Infrastructure Investment in Low-Income Developing Countries by Daniel Gurara,Mr.Vladimir Klyuev,MissNkunde Mwase,Andrea Presbitero,Xin Cindy Xu,Mr.Geoffrey J Bannister Pdf

This paper examines trends in infrastructure investment and its financing in low-income developing countries (LIDCs). Following an acceleration of public investment over the last 15 years, the stock of infrastructure assets increased in LIDCs, even though large gaps remain compared to emerging markets. Infrastructure in LIDCs is largely provided by the public sector; private participation is mostly channeled through Public-Private Partnerships. Grants and concessional loans are an essential source of infrastructure funding in LIDCs, while the complementary role of bank lending is still limited to a few countries. Bridging infrastructure gaps would require a broad set of actions to improve the efficiency of public spending, mobilize domestic resources and support from development partners, and crowd in the private sector.

Regional Economic Outlook, April 2017, Sub-Saharan Africa

Céline Allard
Regional Economic Outlook April 2017 Sub Saharan Africa Book PDF

Author : Céline Allard
Publisher : International Monetary Fund
Page : 122 pages
File Size : 40,8 Mb
Release : 2017-05-09
Category : Business & Economics
ISBN : 9781475574937

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Regional Economic Outlook, April 2017, Sub-Saharan Africa by Céline Allard Pdf

Growth momentum in sub-Saharan Africa remains fragile, marking a break from the rapid expansion witnessed since the turn of the millennium. 2016 was a difficult year for many countries, with regional growth dipping to 1.4 percent—the lowest level of growth in more than two decades. Most oil exporters were in recession, and conditions in other resource-intensive countries remained difficult. Other nonresource-intensive countries however, continued to grow robustly. A modest recovery in growth of about 2.6 percent is expected in 2017, but this falls short of past trends and is too low to put sub-Saharan Africa back on a path of rising living standards. While sub-Saharan Africa remains a region with tremendous growth potential, the deterioration in the overall outlook partly reflects insufficient policy adjustment. In that context, and to reap this potential, strong and sound domestic policy measures are needed to restart the growth engine.

Regional Economic Outlook, April 2018, Sub-Saharan Africa

International Monetary Fund. African Dept.
Regional Economic Outlook April 2018 Sub Saharan Africa Book PDF

Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
Page : 137 pages
File Size : 47,7 Mb
Release : 2018-05-08
Category : Business & Economics
ISBN : 9781484339862

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Regional Economic Outlook, April 2018, Sub-Saharan Africa by International Monetary Fund. African Dept. Pdf

The region is seeing a modest growth uptick, but this is not uniform and the medium-term outlook remains subdued. Growth is projected to rise to 3.4 percent in 2018, from 2.8 percent in 2017, on the back of improved global growth, higher commodity prices, and continued strong public spending. About 3⁄4 of the countries in the region are predicted to experience faster growth. Beyond 2018, growth is expected to plateau below 4 percent, modestly above population growth, reflecting continued sluggishness in the oil-exporting countries and sustained growth in non-resource-intensive countries. A number of countries (Burundi, DRC, South Sudan, and parts of the Sahel) remain locked in internal conflict resulting in record levels of refugees and Internally Displaced Persons, with adverse spillovers to neighboring countries.

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 : 41,9 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.

Research Anthology on Business and Technical Education in the Information Era

Management Association, Information Resources
Research Anthology on Business and Technical Education in the Information Era Book PDF

Author : Management Association, Information Resources
Publisher : IGI Global
Page : 1448 pages
File Size : 54,5 Mb
Release : 2021-01-08
Category : Education
ISBN : 9781799853466

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Research Anthology on Business and Technical Education in the Information Era by Management Association, Information Resources Pdf

The Fourth Industrial Revolution has disrupted businesses worldwide through the introduction of highly automated processes. This disruption has affected the way in which companies conduct business, impacting everything from managerial styles to resource allocations to necessary new skillsets. As the business world continues to change and evolve, it is imperative that business education strategies are continuously revised and updated in order to adequately prepare students who will be entering the workforce as future entrepreneurs, executives, and marketers, among other careers. The Research Anthology on Business and Technical Education in the Information Era is a vital reference source that examines the latest scholarly material on pedagogical approaches in finance, management, marketing, international business, and other fields. It also explores the implementation of curriculum development and instructional design strategies for technical education. Highlighting a range of topics such as business process management, skill development, and educational models, this multi-volume book is ideally designed for business managers, business and technical educators, entrepreneurs, academicians, upper-level students, and researchers.

Regional Economic Outlook, October 2017, Sub-Saharan Africa

International Monetary Fund. African Dept.
Regional Economic Outlook October 2017 Sub Saharan Africa Book PDF

Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
Page : 129 pages
File Size : 48,5 Mb
Release : 2017-11-27
Category : Business & Economics
ISBN : 9781484320976

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Regional Economic Outlook, October 2017, Sub-Saharan Africa by International Monetary Fund. African Dept. Pdf

Growth in sub-Saharan Africa has recovered relative to 2016, but the momentum is weak and per capita incomes are expected to barely increase. Further, vulnerabilities have risen in many countries, adding to the urgency of implementing the fiscal consolidations planned in most countries and with stepped up efforts to strengthen growth.

Republic of Kazakhstan

International Monetary Fund. Middle East and Central Asia Dept.
Republic of Kazakhstan Book PDF

Author : International Monetary Fund. Middle East and Central Asia Dept.
Publisher : International Monetary Fund
Page : 61 pages
File Size : 51,8 Mb
Release : 2017-05-09
Category : Business & Economics
ISBN : 9781475598759

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Republic of Kazakhstan by International Monetary Fund. Middle East and Central Asia Dept. Pdf

This Selected Issues Paper evaluates Kazakhstan’s oil rules, current fiscal stance, and long-term sustainability. The sharp and sustained drop in oil prices since 2014 has reduced the value of Kazakhstan’s oil wealth. Kazakhstan’s non-oil deficit path has been higher than suggested by long-term benchmarks, and adjustment is needed in the coming years to avoid fiscal sustainability risks and to promote intergenerational equity. Price-based fiscal rules can help anchor short- and medium-term fiscal policy. The non-oil deficit path introduced in the new National Fund of the Republic of Kazakhstan concept is broadly consistent with the proposed approach and should be followed by timely and decisive implementation of revenue and expenditure measures.

Climate and Social Justice

Zaheer Allam,Ali Cheshmehzangi,David S. Jones
Climate and Social Justice Book PDF

Author : Zaheer Allam,Ali Cheshmehzangi,David S. Jones
Publisher : Springer Nature
Page : 124 pages
File Size : 44,8 Mb
Release : 2023-12-03
Category : Political Science
ISBN : 9789819966240

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Climate and Social Justice by Zaheer Allam,Ali Cheshmehzangi,David S. Jones Pdf

This book offers a fresh perspective on the historical, economic, and cultural foundations of capitalism, cities, and climate change. By exploring the intersection of urbanization, consumerism, and colonialism, the book sheds new light on the origins and development of the economic system that has shaped our world today. What sets this book apart is its unique approach, which challenges conventional wisdom and offers new insights into the complex relationships between culture, politics, and economics. The book is intended for readers interested in the history and evolution of capitalism and its impact on society, as well as those interested in climate change and urbanization. The content level is accessible for general readers, yet sophisticated enough to appeal to scholars and researchers. The two most important features of the book are its fresh perspective on the history of mercantilism and its examination of the economic landscape of cities and climate change. By reading this book, readers gain a deeper understanding of the complex relationships between urbanization, colonialism, and economic policies, and their impact on contemporary society.

Human Capital Formation for the Fourth Industrial Revolution

Atiku, Sulaiman Olusegun
Human Capital Formation for the Fourth Industrial Revolution Book PDF

Author : Atiku, Sulaiman Olusegun
Publisher : IGI Global
Page : 385 pages
File Size : 45,8 Mb
Release : 2019-10-18
Category : Business & Economics
ISBN : 9781522598121

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Human Capital Formation for the Fourth Industrial Revolution by Atiku, Sulaiman Olusegun Pdf

Advances in technological innovations, automation, and the latest developments in artificial intelligence (AI) have revolutionized the nature of work and created a demand for a new set of skills to navigate the Fourth Industrial Revolution (Industry 4.0). Therefore, it is necessary to equip displaced workers with a new set of skills that are essential for conversion into technical or other functional areas of business. Human Capital Formation for the Fourth Industrial Revolution is an essential research publication that recognizes the need to revitalize human capital formation for graduate employability in Industry 4.0 and discusses new skills and competencies needed to cope with the challenges present within this industrial revolution. The book seeks to provide a basis for curriculum design in line with the advances in technological innovations, automation, and artificial intelligence to enhance current and future employment. Featuring an array of topics such as curriculum design, emotional intelligence, and healthcare, this book is ideal for human resource managers, development specialists, training officers, teachers, universities, practitioners, academicians, researchers, managers, policymakers, and students.

Regional Economic Outlook, April 2016, Sub-Saharan Africa

International Monetary Fund. African Dept.
Regional Economic Outlook April 2016 Sub Saharan Africa Book PDF

Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
Page : 137 pages
File Size : 47,7 Mb
Release : 2016-05-03
Category : Business & Economics
ISBN : 9781498388139

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Regional Economic Outlook, April 2016, Sub-Saharan Africa by International Monetary Fund. African Dept. Pdf

Economic growth in sub-Saharan Africa as a whole has fallen to its lowest level in 15 years, though with large variation among countries in the region. The sharp decline in commodity prices has severely strained many of the largest economies, including oil exporters Angola and Nigeria, and other commodity exporters, such as Ghana, South Africa, and Zambia. At the same time, the decline in oil prices has helped other countries continue to show robust growth, including Kenya and Senegal. A strong policy response to the terms-of-trade shocks is critical and urgent in many countries. This report also examines sub-Saharan Africa’s vulnerability to commodity price shocks, and documents the substantial progress made in financial develop, especially financial services based on mobile technologies.

A Growth-Friendly Path for Building Fiscal Buffers in the Caucuses and Central Asia

Mr.Edward R Gemayel,Ms.Lorraine Ocampos,Matteo Ghilardi,Mrs.Lynn Aylward
A Growth Friendly Path for Building Fiscal Buffers in the Caucuses and Central Asia Book PDF

Author : Mr.Edward R Gemayel,Ms.Lorraine Ocampos,Matteo Ghilardi,Mrs.Lynn Aylward
Publisher : International Monetary Fund
Page : 55 pages
File Size : 47,8 Mb
Release : 2018-04-10
Category : Business & Economics
ISBN : 9781484350874

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A Growth-Friendly Path for Building Fiscal Buffers in the Caucuses and Central Asia by Mr.Edward R Gemayel,Ms.Lorraine Ocampos,Matteo Ghilardi,Mrs.Lynn Aylward Pdf

Since 2014, large and persistent external shocks have hit the CCA region, particularly a slump in global commodity prices and slower growth in its key economic partners. Fiscal accommodation, along with currency adjustment, has helped the CCA mitigate the impact of the external shocks. However, amid weakening revenues, increased public spending has widened budget deficits, weakened external balances, and increased public debts. Fiscal policy and strengthening fiscal frameworks must play a central role in helping build buffers and ensuring debt sustainability while supporting growth. This requires (1) tightening fiscal policies to reduce deficits to help restore external balance and fiscal sustainability, (2) strengthening tax systems and tax collection and tilting expenditure toward a more productive and growth-enhancing composition, and (3) implementing public financial management reforms and strengthening fiscal institutions, including through fiscal rules.