Beyond the Curse: Policies to Harness the Power of Natural Resources

By Amadou N Sy, Rabah Arezki, Thorvaldur Gylfason

January 19, 2012

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Amadou N Sy, Rabah Arezki, and Thorvaldur Gylfason. Beyond the Curse: Policies to Harness the Power of Natural Resources, (USA: International Monetary Fund, 2012) accessed December 3, 2024

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.

Subject: Commodities, Commodity prices, Environment, Fiscal policy, Metal prices, Natural resources, Oil, Prices

Keywords: Africa, BOOK, Caribbean, Commodity, Commodity prices, Commodity-exporting country, Country, Europe, Global, Government, Middle East, Natural resource, Natural resources, Oil, Petroleum fund, Resource abundance, Resource rent, Resource windfall, Sub-Saharan Africa

Publication Details

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288
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