Managing Resource Abundance And Wealth PDF Download
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Author | : Jonathon W. Moses |
Publisher | : Oxford University Press |
Total Pages | : 344 |
Release | : 2017-05-12 |
Genre | : Business & Economics |
ISBN | : 019109093X |
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Managing Resource Abundance and Wealth: The Norwegian Experience describes the sundry and significant challenges, both economic and political, facing petroleum-producing countries. The volume outlines the pitfalls that policymakers encounter in the aftermath of a major resource discovery, and what they can do to protect their countries from the most adverse consequences. These lessons are derived from two very different sources: The broader-if still underdeveloped-social science literature that examines the 'Paradox of Plenty' in its disparate forms; and the experience of a country that has successfully managed its natural resources over several decades. As a small country on the margins of Europe, Norway has stood up to powerful international interests in one of the world's most powerful industries. Norway has exerted sovereign control over its natural environment, and exploited its resources in a way that has delivered significant wealth to its citizens. This volume explains how Norway has largely avoided the 'Paradox of Plenty'. It aims to demonstrate the variety of policy tools that are available to states rich in natural resources, and how these tools can be adjusted to changing (domestic and international) contexts. It considers a number of questions, such as how countries need to administer and regulate the industry to consider the costs and benefits associated with various contract and licensing regimes, and fiscal arrangements; to maintain competitiveness and avoid becoming too dependent upon the sector; to maximize local content; and to protect the broader economy from the volatility of petroleum prices. The volume shows how the industry can be managed in a democratic, just, and ethical manner, and for the benefit of the general population.
Author | : Nathalie Pouokam |
Publisher | : International Monetary Fund |
Total Pages | : 38 |
Release | : 2021-04-23 |
Genre | : Business & Economics |
ISBN | : 1513582429 |
Download Sharing Resource Wealth Inclusively Within and Across Generations Book in PDF, ePub and Kindle
This paper discusses the main challenges faced by resource-rich nations in promoting equity; describes policy tools available for managing exhaustible natural resources; and analyzes the relationship between resource wealth and state fragility. It is argued that human capital accumulation, innovation, and technology diffusion can help escape the trap of low growth and resource dependence that plagues so many developing countries. But to make this possible, resource-rich nations must sustain strong citizen participation in the policy making to hold governments accountable and ensure the inclusive management of resource wealth.
Author | : Bjørn Letnes |
Publisher | : |
Total Pages | : 0 |
Release | : |
Genre | : Economic development |
ISBN | : 9780191829260 |
Download Managing Resource Abundance and Wealth Book in PDF, ePub and Kindle
This work describes how Norway has successfully managed its petroleum resources and the variety of policy tools that are available to states rich in natural resources, and how these tools can be adjusted to changing (domestic and international) contexts.
Author | : Frederick van der Ploeg |
Publisher | : |
Total Pages | : 0 |
Release | : 2011 |
Genre | : Conservation of natural resources |
ISBN | : |
Download Natural Resource Wealth Book in PDF, ePub and Kindle
Author | : K. Hamilton |
Publisher | : Edward Elgar Publishing |
Total Pages | : 215 |
Release | : 2006 |
Genre | : Business & Economics |
ISBN | : 1847202977 |
Download Wealth, Welfare and Sustainability Book in PDF, ePub and Kindle
This important book presents fresh thinking and new results on the measurement of sustainable development. Economic theory suggests that there should be a link between future wellbeing and current wealth. This book explores this linkage under a variety of headings: population growth, technological change, deforestation and natural resource trade. While the relevant theory is presented briefly, the chief emphasis is on empirical measurement of the change in real wealth: this measure of net or genuine saving is a key indicator of sustainable development. The methodological and empirical work is bolstered by tests of the predictive power of genuine saving in explaining future consumption and economic growth. Just as importantly, the authors show that many resource-abundant countries would be considerably wealthier today had they managed to save and invest the profits from natural resource exploitation in the past. Wealth, Welfare and Sustainability will be of great interest to environmental and resource economists, specialists in sustainability indicators from other disciplines and also development and growth economists.
Author | : Jonathon W. Moses |
Publisher | : Oxford University Press |
Total Pages | : 325 |
Release | : 2017-05-19 |
Genre | : Business & Economics |
ISBN | : 0191090948 |
Download Managing Resource Abundance and Wealth Book in PDF, ePub and Kindle
Managing Resource Abundance and Wealth: The Norwegian Experience describes the sundry and significant challenges, both economic and political, facing petroleum-producing countries. The volume outlines the pitfalls that policymakers encounter in the aftermath of a major resource discovery, and what they can do to protect their countries from the most adverse consequences. These lessons are derived from two very different sources: The broader-if still underdeveloped-social science literature that examines the 'Paradox of Plenty' in its disparate forms; and the experience of a country that has successfully managed its natural resources over several decades. As a small country on the margins of Europe, Norway has stood up to powerful international interests in one of the world's most powerful industries. Norway has exerted sovereign control over its natural environment, and exploited its resources in a way that has delivered significant wealth to its citizens. This volume explains how Norway has largely avoided the 'Paradox of Plenty'. It aims to demonstrate the variety of policy tools that are available to states rich in natural resources, and how these tools can be adjusted to changing (domestic and international) contexts. It considers a number of questions, such as how countries need to administer and regulate the industry to consider the costs and benefits associated with various contract and licensing regimes, and fiscal arrangements; to maintain competitiveness and avoid becoming too dependent upon the sector; to maximize local content; and to protect the broader economy from the volatility of petroleum prices. The volume shows how the industry can be managed in a democratic, just, and ethical manner, and for the benefit of the general population.
Author | : Jill Shankleman |
Publisher | : |
Total Pages | : 11 |
Release | : 2006 |
Genre | : Nation-building |
ISBN | : |
Download Managing Natural Resource Wealth Book in PDF, ePub and Kindle
Author | : Khalid Alsweilem |
Publisher | : Columbia University Press |
Total Pages | : 191 |
Release | : 2017-10-17 |
Genre | : Business & Economics |
ISBN | : 0231544995 |
Download Sovereign Wealth Funds in Resource Economies Book in PDF, ePub and Kindle
Sovereign wealth funds (SWFs) have reached a transitional moment. Created as a way to direct excess wealth toward economic development and long-term financial returns, some countries are now seeing a decline in revenue from sources such as oil. Many SWFs are now facing a new challenge—how to spend sustainably without depleting the funds. Sovereign Wealth Funds in Resource Economies explains the fiscal rules and institutional structures that can make SWFs thrive, providing a practical and theoretical guide to their optimal use in resource-revenue management. Khalid Alsweilem and Malan Rietveld put forward an institutional perspective of SWFs as quasi-independent political and economic entities charged with managing national resource wealth, examining both investment and disbursement strategies. They advance a systematic, rule-based approach, suggesting when to accumulate and when to begin countercyclical spending based on concrete case studies. More than a mere financial portfolio, SWFs must be embedded in a credible fiscal and institutional framework if they are to contribute to improved economic performance. Alsweilem and Rietveld consider the variety of relationships that exist between SWFs and their governments, exploring the legal and policy side of the institutional approach. Their rule-based description of SWFs, since it allows tailoring and adjustment and invokes rules of thumb and best practices, is intended to be widely applicable across the diverse spectrum of global SWFs. Bringing together the practitioner perspective and scholarly expertise, this book will be invaluable for global policy makers and scholars working with sovereign wealth funds.
Author | : Macartan Humphreys |
Publisher | : Columbia University Press |
Total Pages | : 429 |
Release | : 2007-05-22 |
Genre | : Business & Economics |
ISBN | : 0231512104 |
Download Escaping the Resource Curse Book in PDF, ePub and Kindle
The wealth derived from natural resources can have a tremendous impact on the economics and politics of producing countries. In the last quarter century, we have seen the surprising and sobering consequences of this wealth, producing what is now known as the "resource curse." Countries with large endowments of natural resources, such as oil and gas, often do worse than their poorer neighbors. Their resource wealth frequently leads to lower growth rates, greater volatility, more corruption, and, in extreme cases, devastating civil wars. In this volume, leading economists, lawyers, and political scientists address the fundamental channels generated by this wealth and examine the major decisions a country must make when faced with an abundance of a natural resource. They identify such problems as asymmetric bargaining power, limited access to information, the failure to engage in long-term planning, weak institutional structures, and missing mechanisms of accountability. They also provide a series of solutions, including recommendations for contracting with oil companies and allocating revenue; guidelines for negotiators; models for optimal auctions; and strategies to strengthen state-society linkages and public accountability. The contributors show that solutions to the resource curse do exist; yet, institutional innovations are necessary to align the incentives of key domestic and international actors, and this requires fundamental political changes and much greater levels of transparency than currently exist. It is becoming increasingly clear that past policies have not provided the benefits they promised. Escaping the Resource Curse lays out a path for radically improving the management of the world's natural resources.
Author | : Benedikt Wiesmann |
Publisher | : GRIN Verlag |
Total Pages | : 20 |
Release | : 2013-04-10 |
Genre | : Business & Economics |
ISBN | : 3656404887 |
Download Public Budget in Resource-Rich Economies Book in PDF, ePub and Kindle
Seminar paper from the year 2012 in the subject Economics - Finance, grade: 1,3, Frankfurt School of Finance & Management, course: Public Finance - Finanzwissenschaften, language: English, abstract: The objective of this paper is to examine how public expenditures, revenue and debt in resource-rich economies changed in the past, how politicians and bureaucrats respond(ed) to resource abundance, and how an optimal budget rule for resource-rich economies should be designed. The paper follows a non-technical approach and comes to the conclusion that the successful management of resource revenues highly depends on the political situation in an economy as this determines how well it sticks to any budget rule. The budget rule presented in section IV approaches the different parameters which are at play and shows challenges regarding the rule’s practical feasibility.