Browse

You are looking at 1 - 10 of 342 items for :

  • Congo, Republic of x
Clear All
Mrs. Harinder K Malothra, Mr. Milan M Cuc, Mr. Ulrich Bartsch, and Mr. Menachem Katz

Abstract

The fact that oil-producing countries in Africa have not achieved better social indicators than other African countries gives rise to the question of whether this was despite or because of the inflow of billions of U.S. dollars in foreign investment in oil installations, and government oil revenue. The persistent underachievement of development goals has come to be seen as the “resource curse.” This paper has shown, however, that macroeconomic policies and governance can be designed in a way that turn oil revenue into a “blessing.”