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An open access title available under the terms of a CC BY-NC-SA 3.0 IGO licence.For a growing number of countries in Africa the discovery and exploitation of natural resources is a great opportunity, but one accompanied by considerable risks. Countries dependent on oil, gas, and mining have tended to have weaker long-run growth, higher rates of poverty, and greater income inequality than less resource-abundant economies. For these resource producing economies relative prices make it more difficult to diversify into activities outside of the resource sector, limiting structural change.Mining for Change: Natural Resources and Industry in Africa presents research undertaken to understand how better management of the revenues and opportunities associated with natural resources can accelerate diversification and structural change in Africa. It begins with essays on managing the boom, the construction sector, and linking industry to the major issues that frame the question of how to use natural resources for structural change. It reports the main research results for five countries-Ghana, Mozambique, Uganda, Tanzania and Zambia. Each country study covers managing the boom, the construction sector, and linking industry to the resource. Mining for Change argues that good policy can make a difference and sets out ideas for policy change and widening the options for structural change.· An open access title available under the terms of a CC BY-NC-SA 3.0 IGO licence.
This book investigates how African nations can effectively manage natural resource revenues to foster economic diversification and structural transformation rather than succumbing to the resource curse. The authors, John M. Page Jr. and Finn Tarp, utilize a comparative research framework to analyze the economic performance of resource-dependent economies. By examining the interplay between commodity booms, construction sectors, and industrial linkages, the text argues that deliberate policy interventions are necessary to overcome the structural limitations typically associated with resource abundance.
What You Will Find
Experts identify this work as a significant contribution to the literature on development economics and resource management in the African context. Readers frequently note the academic rigor and the practical utility of the country-specific case studies for policymakers and researchers alike.
Page Count:
512
Publication Date:
2020-03-13
Publisher:
Oxford University Press
ISBN-10:
0198851170
ISBN-13:
9780198851172
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