Cover Beyond the Curse
Beyond the Curse
Policies to Harness the Power of Natural Resources
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Abstract

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.

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Author:
Mr. Amadou N Sy
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,
Mr. Rabah Arezki
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Thorvaldur Gylfason https://isni.org/isni/0000000404811396 International Monetary Fund

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Series:
Books
Publisher:
International Monetary Fund
Language:
English
Publication Date:
19 Jan 2012
DOI:
https://doi.org/10.5089/9781616351458.071
ISBN:
9781616351458
Pages:
288
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; commodity-exporting country; Caribbean
Legal-disclaimer:
The views expressed in this book are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management. The boundaries, colors, denominations, and any other information shown on the maps do not imply, on the part of the IMF, any judgment on the legal status of any territory or any endorsement or acceptance of such boundaries.
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