PART I Commodity Markets and the Macroeconomy
Author:
Thorvaldur Gylfason https://isni.org/isni/0000000404811396 International Monetary Fund

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Language:
English
Print Publication Date:
19 Jan 2012
Keywords:
BOOK; country; commodity; government; natural resource; resource abundance; petroleum fund; resource rent; resource windfall; Natural resources; Commodity prices; Oil; Sub-Saharan Africa; Global; Africa; Middle East; Europe

Abstract

Economic geography is no longer what it used to be. For a long time, economic geographers studied raw materials and their distribution around the world and assigned crucial roles to natural resource wealth and raw materials, their ownership, and trade routes. Ownership of those important resources tended to be equated with economic and political strength. The European powers’ scramble for Africa that began in 1881—this was when France occupied Tunis with Germany’s consent—was mainly a scramble for the great continent’s resources. The slave trade from the mid-15th century onward can be viewed the same way.

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Cover Beyond the Curse
Beyond the Curse
Policies to Harness the Power of Natural Resources
ISBN:
9781616351458
Publication Date:
19 Jan 2012
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781616351458.071
Pages:
288