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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.
How can African nations effectively leverage natural resource wealth to foster economic diversification and long-term structural change? The authors, including John M. Page Jr. and Finn Tarp, utilize a comparative research framework to analyze the paradox of resource-rich economies in Africa that often suffer from stagnant growth and high inequality. They argue that proactive policy management is essential to overcome the 'resource curse' and successfully integrate extractive industries with broader industrial development.
What You Will Find
Scope Limits
Experts recognize this work as a significant contribution to development economics, particularly for its focus on the practical policy challenges faced by resource-dependent nations. Readers frequently note the academic density of the prose, which makes it a valuable resource for policymakers and researchers interested in African economic development.
Page Count:
496
Publication Date:
2020-01-01
Publisher:
Oxford University Press
ISBN-10:
019259186X
ISBN-13:
9780192591869
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