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The Political Economy of the Natural Resource Paradox in Africa

The Political Economy of the Natural Resource Paradox in Africa
Author: Tuan Minh Le
Publisher:
Total Pages: 425
Release: 2012-06
Genre: Africa
ISBN: 9780821384770

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Across a range of country settings, the resource paradox refers to the association of significant resource wealth in oil, gas, and minerals with poor economic growth and development outcomes. The puzzle motivating this study is: Why are the governments of resource- rich states so often unable to implement the corrective policy measures available to mitigate many of the patterns that cumulate into the resource curse? The political economy literature recognizes that the main factors determining the success of resource-rich countries are inherently related to the overall governance framework and the political economy of resource wealth extraction and distribution. In other words, managing the resource paradox is inherently a public sector governance challenge—the credibility, quality, transparency, and accountability of policy-making processes, public institutions, the legal and regulatory climate, and sector governance are major determinants of how successfully countries can channel their resource wealth into sustainable development. Yet scholars and practitioners have fallen short of translating broad agreement on the ‘right’ policies into concrete steps to navigate and address the institutional and political obstacles that are associated with governing the resource paradox. This volume synthesizes the most recent policy-related insights about the interaction between the specific political economy contexts and institutional mechanisms in the natural resource sector in African five countries, i.e. Angola, Democratic Republic of Congo, Ghana, Niger, and Nigeria. Building on the lens of the NRM value chain, it brings a problem-oriented, micro political economy focus to the governance and institutional challenges surrounding natural resource management for sustainable development.


Confronting the Curse

Confronting the Curse
Author: Cullen S. Hendrix
Publisher: Peterson Institute for International Economics
Total Pages: 221
Release: 2014
Genre: Business & Economics
ISBN: 0881326763

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The political economy of natural resource wealth poses two interrelated challenges for American foreign policy, both involving governance issues in countries that are abundantly endowed with natural resources. The potentially negative impact of natural resources on development is captured in the phrase "the resource curse". The implications are the greatest for the commodity producers themselves, ranging from complications for macroeconomic management to political authoritarianism and, in the extreme, the precipitation of violent civil conflict. For US policy, the resource curse presents challenges with respect to coping with state failure and associated transborder phenomena. The issues extend to broader geopolitics. Resource abundance confers financial and political power on producers. China's emergence as a major importer and investor in extraction, willing to accommodate authoritarian producers, exacerbates the challenge, potentially undercutting international efforts to encourage greater transparency and improved management of natural resource wealth. This issue is of particular importance for US policy toward Africa


Rents to Riches?

Rents to Riches?
Author: Naazneen Barma
Publisher: World Bank Publications
Total Pages: 303
Release: 2011-12-08
Genre: Business & Economics
ISBN: 0821387162

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This volume focuses on the political economy surrounding the detailed decisions that governments make at each step of the value chain for natural resource management. From the perspective of public interest or good governance, many resource-dependent developing countries pursue apparently short-sighted and sub-optimal policies in relation to the extraction and capture of resource rents, and to spending and savings from their resource endowments. This work contextualizes these micro-level choices and outcomes.


Addressing the Natural Resource Curse

Addressing the Natural Resource Curse
Author: Mr.Arvind Subramanian
Publisher: International Monetary Fund
Total Pages: 47
Release: 2003-07-01
Genre: Nature
ISBN: 1451856067

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Some natural resources-oil and minerals in particular-exert a negative and nonlinear impact on growth via their deleterious impact on institutional quality. We show this result to be very robust. The Nigerian experience provides telling confirmation of this aspect of natural resources. Waste and poor institutional quality stemming from oil appear to have been primarily responsible for Nigeria's poor long-run economic performance. We propose a solution for addressing this resource curse which involves directly distributing the oil revenues to the public. Even with all the difficulties that will no doubt plague its actual implementation, our proposal will, at the least, be vastly superior to the status quo. At best, however, it could fundamentally improve the quality of public institutions and, as a result, durably raise long-run growth performance.


Economic Change Governance and Natural Resource Wealth

Economic Change Governance and Natural Resource Wealth
Author: David Reed
Publisher: Taylor & Francis
Total Pages: 109
Release: 2023-04-14
Genre: Business & Economics
ISBN: 1000939545

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This volume analyzes the ways in which natural resource wealth has shaped authoritarian political regimes and statist economic systems in the countries of southern Africa in the post-colonial period. It consists of five essays. The first sets out the historical framework and emergence of natural resources as the crucial driver of economies in sub-Saharan Africa. Three essays, drawing on in-country research, focus on Tanzania, Zambia and Zimbabwe. They show how this explains the economic evolution of those countries - in particular, the impacts of economic and institutional changes on the bulk of the population, the rural poor. The final essay explores the nature of the changes and their neoliberal economic context, and the ways in which their harmful consequences might be relieved.


The Institutions Curse

The Institutions Curse
Author: Victor Menaldo
Publisher: Cambridge University Press
Total Pages: 417
Release: 2016-08-25
Genre: Business & Economics
ISBN: 1107138604

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Debunks the view that natural resources lead to terrible outcomes by demonstrating that oil and minerals are actually a blessing.


Rents to Riches?

Rents to Riches?
Author: Naazneen Barma
Publisher: World Bank Publications
Total Pages: 303
Release: 2012
Genre: Business & Economics
ISBN: 0821384805

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Rents to Riches> focuses on the political economy of the detailed decisions that governments make at each step of the natural resource management (NRM) value chain. Many resource-dependent developing countries pursue seemingly shortsighted and suboptimal policies when extracting, taxing, and investing resource rents. The book contextualizes these micro-level outcomes with an emphasis on two central political economy dimensions: the degree to which governments can make credible intertemporal commitments to both resource developers and citizens, and the degree to which governments and inclined to turn resource rents into public goods. Almost 1.5 billion people live in the more than 50 World Bank client countries classified as resource-dependent. A detailed understanding of the way political economy characteristics affect the NRM decisions made in these countries by governments, extractive developers, and society can improve the design of interventions to support welfare-enhancing policy making and governance in the natural resource sectors. Featuring case study work from Africa (Angola, the Democratic Republic of Congo, Ghana, Niger, Nigeria), East Asia and Pacific (the Lao People's Democratic Republic, Mongolia, Timor-Leste), and Latin America and the Caribbean (Bolivia, Chile, Ecuador, Mexico, Trinidad an dTobago_, the book provides guidance for government clients, domestic stakeholders, and development partners committed to transforming natural resource into sustainable development riches.


The Politics of New African Resource Discoveries in the Post-Curse Era

The Politics of New African Resource Discoveries in the Post-Curse Era
Author: Angela Zivo Gapa
Publisher: Rowman & Littlefield
Total Pages: 313
Release: 2024-08-19
Genre: Political Science
ISBN: 1666952028

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Over the past three decades, Africa's resource landscape has undergone significant shifts, with new mineral, oil, and natural gas discoveries coinciding with the increase in global demand for mineral and hydrocarbon resources, and advancements in green technology. In The Politics of New African Resource Discoveries in the Post-Curse Era, edited by Angela Zivo Gapa, scholars and practitioners delve into the intricate dynamics of jackpot resource discoveries in Africa, providing insight into how African governments have managed these discoveries in the post-resource-curse era. Through a series of African case studies, this book critically examines whether Africa stands on the cusp of a post-resource-curse era or if historical patterns of the resource paradox will continue to persist. The contributors explore interventions ranging from citizen feedback mechanisms to institutional restructuring to determine whether recent resource discoveries hold the promise of economic growth and poverty alleviation or if they remain constrained by the global political economy. This book is a collaborative effort to deepen the understanding of global natural resource politics and promote African agency in managing substantial resource windfalls.


Political Economy of Resource, Human Security and Environmental Conflicts in Africa

Political Economy of Resource, Human Security and Environmental Conflicts in Africa
Author: Kelechi Johnmary Ani
Publisher: Springer Nature
Total Pages: 318
Release: 2021-08-31
Genre: Political Science
ISBN: 9811620369

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This book shows the push and pull effects between resources, human security and conflicts in Africa. It recognizes the need for resources in Africa to be processed into finished goods in order to influence global market and redefine the pattern of trade relations with powerful countries of Asia, America and Europe in shaping the destiny and future of African countries. The achievement of this laudable objective is plagued by the security challenges which are directly or indirectly linked to resource-related conflicts rocking most of the resource endowed countries in the continent, thereby threatening global peace and security. To deal with this menace in the continent, it requires global co-operation and support of foreign governments, international organizations, international non-government organizations, governments of host countries and its citizens. The book presents the cases and experiences of countries that are endowed with resource, as well as have experienced different forms of human insecurity and have witnessed environmental conflicts in its analysis, which make the discourse interesting and quite educating.


New Approaches to the Governance of Natural Resources

New Approaches to the Governance of Natural Resources
Author: J. Grant
Publisher: Springer
Total Pages: 317
Release: 2014-12-22
Genre: Political Science
ISBN: 1137280417

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The book provides an in-depth analysis of the governance of Africa's natural resource sectors (oil, biofuels, forestry, fisheries, minerals) and new insights for readers as they navigate the burgeoning research on global governance initiatives and regional/national strategies that seek to improve the governance of the continent's natural resources.