Overview
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- Overview
Final published version, 143 KB, PDF document
For a growing number of African economies the discovery of natural resources is a tremendous opportunity, but one accompanied by considerable risks. Many African countries dependent on oil, gas, and mining have weaker long-run growth, higher rates of poverty and greater income inequality than their less resource-dependent neighbours. One major risk comes from the structure of resource-rich economies themselves. Relative prices make it more difficult to diversify into internationally competitive activities outside the resource sector, thus narrowing the scope for structural change. This chapter focuses on how countries can use natural resources to diversify. Drawing on country-level evidence it explores three key themes: the institutions needed to manage a resource boom, the construction sector, and linking industry to the resource.
Original language | English |
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Title of host publication | Mining for Change : Natural Resources and Industry in Africa |
Editors | John Page, Finn Tarp |
Place of Publication | Oxford |
Publisher | Oxford University Press |
Publication date | 2020 |
Pages | 1-23 |
Chapter | 1 |
ISBN (Print) | 9780198851172 |
DOIs | |
Publication status | Published - 2020 |
Series | WIDER Studies in Development Economics |
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- Faculty of Social Sciences - Africa, natural resource revenue, oil, gas, mining, resource curse, structural change, diversification, income inequality, poverty
Research areas
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- http://fdslive.oup.com/www.oup.com/academic/pdf/openaccess/9780198851172.pdf
Final published version
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