Sharing Resource Wealth Inclusively Within and Across Generations

April 23, 2021

Preview Citation

Format: Chicago

Nathalie Pouokam. Sharing Resource Wealth Inclusively Within and Across Generations, (USA: International Monetary Fund, 2021) accessed December 22, 2024

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

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.

Subject: Environment, Exports, Fiscal policy, Fiscal rules, Income inequality, International trade, National accounts, Natural resources

Keywords: Exhaustible natural resources, Exports, Fiscal rules, Global, Income inequality, Natural resource, Natural resource wealth, Natural resources, Resource curse, Resource rent, Resource wealth

Publication Details

Pages:

37
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2021/097
Stock No:

WPIEA2021097
ISBN:

9781513582429
ISSN:

1018-5941

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