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Sharing Resource Wealth Inclusively Within and Across Generations
Author:
Nathalie Pouokamnull

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Series:
IMF Working Papers
Volume/Issue:
Volume 2021: Issue 097
Language:
English
Publication Date:
23 Apr 2021
DOI:
https://doi.org/10.5089/9781513582429.001
ISBN:
9781513582429
ISSN:
1018-5941
Pages:
37
Keywords:
resource curse; natural resource wealth; exhaustible natural resources; resource rent; resource wealth; natural resource; Natural resources; Fiscal rules; Income inequality; Exports; Global
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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.
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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.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund
Volume 2021: Issue 097