Beyond the Curse: Policies to Harness the Power of Natural Resources
Author： Mr. Amadou N. R. Sy Mr. Rabah Arezki Thorvaldur Gylfason
Publisher： INTERNATIONAL MONETARY FUND
Publication year： 2011
E-ISBN: 9781463923822
P-ISBN(Paperback): 9781616351458
Subject： X24 human, resources, energy and environment relationship
Language： ENG
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Description
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.