| Description |
1 online resource (xi, 275 pages) |
| Contents |
Overview / Leslie Lipschitz -- Natural resource endowment : a mixed blessing? / Thorvaldur Gylfason -- Primary commodities : historical perspectives and prospects / Marian Radetzki -- Economic diversification in resource-rich countries / Alan Gelb -- Finance and oil : is there a resource curse? / Thorsten Beck -- The economics of sovereign wealth funds : lessons from Norway / Thomas Ekeli and Amadou N.R. Sy -- Primary commodity price series : lessons for policymakers in resource-rich countries / Kaddour Hadri -- Sustainable fiscal policy for mineral-base economies / Kirk Hamilton and Eduardo Ley -- Fiscal policy in commodity-exporting countries : stability and growth / Rabah Arezki -- How can commodity exporters make fiscal and monetary policy less procyclical? / Jeffrey Frankel -- Natural resources management and financial stability : evidence from Algeria / Mohammed Laksaci -- Copper, the real exchange rate and macroeconomic fluctuations in Chile / José de Gregorio and Felipe Labbé -- The political economy of reform in resource-rich countries / Ragnar Torvik -- Terms of trade and growth of resource economies : contrasting evidence from two African countries / Augustin Kwasi Fosu and Anthony Owusu Gyapong |
| Summary |
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 |
| Bibliography |
Includes bibliographical references |
| Notes |
Print version record |
| Subject |
Natural resources.
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Resource curse.
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Fiscal policy.
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Monetary policy.
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Foreign exchange rates.
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Diversification in industry.
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Economic development.
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Primary commodities.
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Finance.
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Sovereign wealth funds.
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natural resources.
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diversification.
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economic development.
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finance.
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BUSINESS & ECONOMICS -- Environmental Economics.
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BUSINESS & ECONOMICS -- Green Business.
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NATURE -- Natural Resources.
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Diversification in industry
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Economic development
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Finance
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Fiscal policy
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Foreign exchange rates
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Monetary policy
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Natural resources
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Primary commodities
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Resource curse
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Sovereign wealth funds
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| Form |
Electronic book
|
| Author |
Arezki, Rabah.
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Gylfason, Thorvaldur, 1951-
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Sy, Amadou N. R.
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Bank al-Jazāʼir.
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IMF Institute.
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International Monetary Fund.
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| ISBN |
9781463923822 |
|
1463923821 |
|
1283538024 |
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9781283538022 |
|
