How Can Ghana Avoid An Oil Curse Lessons From Nigeria
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How Can Ghana Avoid An Oil Curse Lessons From Nigeria
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Author : Michael Yamoah
language : en
Publisher:
Release Date : 2013
How Can Ghana Avoid An Oil Curse Lessons From Nigeria written by Michael Yamoah and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with Ethics categories.
Since Ghana discovered oil in large commercial quantities in 2007, many have questioned whether the country can avoid the resource curse. Defined as the inability of resource rich developing nations to benefit from such resource compared to non-resource rich nations, this thesis has proven mostly true in many developing nations. In this paper, I examine the importance of institutional quality in relation to avoiding the resource curse. I do this by methodically analyzing in historical context various indicators (Rule of Law, Effective Governance and Openness and Accountability), and argue that, resources (in this case, oil) are not in themselves a curse, rather the nature of institutions, whether curse resistant or curse receptive determines such outcome. Through a comparative case study of Nigeria (1960-2000) and Ghana (1972-2012), I demonstrate how weaknesses in the former's institutional environment (very weak rule of law, ineffective governance and the lack of openness and accountability), contributed to the country's demise as a resource cursed nation. I also examine Ghana in the same way, demonstrating that the country's institutions are relatively susceptible to the resource curse due to the mediocre state of its institutional environment and fairly weak rule of law.
Ghana And Its New Found Crude Oil
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Author : Nkiruka Maduekwe
language : en
Publisher:
Release Date : 2016
Ghana And Its New Found Crude Oil written by Nkiruka Maduekwe and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
After so many years of fruitless search for crude oil in the Ghana, in 2007 crude oil has been discovered in commercial quantities at the Jubilee offshore oil field. In fact, the offshore field is claimed to be the biggest find in offshore oilfields in West Africa in recent years. With examples on crude oil mismanagement from so many countries and even closer home - Nigeria, the Ghanaian government has avowed that it will not make the same mistakes but rather turn its resources into viable source of economic development for both present and future generation. The question then is how feasible is this objective? What structures does Ghana need put in place to make it a reality? This paper seeks to examine two countries that have been upheld as having escaped from the resource curse, and using their experience, proffer structures that Ghana can implement to escape the resource curse. These countries are Botswana and Norway. A huge chunk of both countries revenue stems from the natural resource they have but they have turned it into a blessing rather than a curse. The paper finds that unless Ghana internalises the lessons learnt from Botswana and Norway, their experiences will only stop short of inspiring Ghana but will not be an effective tool in escaping the resource curse.
Addressing The Natural Resource Curse
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Author : Mr.Arvind Subramanian
language : en
Publisher: International Monetary Fund
Release Date : 2003-07-01
Addressing The Natural Resource Curse written by Mr.Arvind Subramanian and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-07-01 with Nature categories.
Some natural resources-oil and minerals in particular-exert a negative and nonlinear impact on growth via their deleterious impact on institutional quality. We show this result to be very robust. The Nigerian experience provides telling confirmation of this aspect of natural resources. Waste and poor institutional quality stemming from oil appear to have been primarily responsible for Nigeria's poor long-run economic performance. We propose a solution for addressing this resource curse which involves directly distributing the oil revenues to the public. Even with all the difficulties that will no doubt plague its actual implementation, our proposal will, at the least, be vastly superior to the status quo. At best, however, it could fundamentally improve the quality of public institutions and, as a result, durably raise long-run growth performance.
Natural Resources And Social Conflict
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Author : M. Schnurr
language : en
Publisher: Springer
Release Date : 2012-03-02
Natural Resources And Social Conflict written by M. Schnurr and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-03-02 with Political Science categories.
This volume brings together international scholars reflecting on the theory and practice of international security, human security, natural resources and environmental change. It contributes by 'centring the margins' and privileging alternative conceptions and understandings of environmental (in)security.
Oil To Cash
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Author : Todd Moss
language : en
Publisher: CGD Books
Release Date : 2015-06-10
Oil To Cash written by Todd Moss and has been published by CGD Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-06-10 with Business & Economics categories.
Oil to Cash explores one option to help countries with new oil revenue avoid the so-called resource curse: just give the money directly to citizens. A universal, transparent, and regular cash transfer would not only provide a concrete benefit to regular people, but would also create powerful incentives for citizens to hold their government accountable. Oil to Cash details how and where this idea could work and how policymakers can learn from the experiences with cash transfers in places like Mexico, Mongolia, and Alaska.
The Oil Curse
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Author : Michael L. Ross
language : en
Publisher: Princeton University Press
Release Date : 2013-09-08
The Oil Curse written by Michael L. Ross and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-09-08 with Political Science categories.
Countries that are rich in petroleum have less democracy, less economic stability, and more frequent civil wars than countries without oil. What explains this oil curse? And can it be fixed? In this groundbreaking analysis, Michael L. Ross looks at how developing nations are shaped by their mineral wealth--and how they can turn oil from a curse into a blessing. Ross traces the oil curse to the upheaval of the 1970s, when oil prices soared and governments across the developing world seized control of their countries' oil industries. Before nationalization, the oil-rich countries looked much like the rest of the world; today, they are 50 percent more likely to be ruled by autocrats--and twice as likely to descend into civil war--than countries without oil. The Oil Curse shows why oil wealth typically creates less economic growth than it should; why it produces jobs for men but not women; and why it creates more problems in poor states than in rich ones. It also warns that the global thirst for petroleum is causing companies to drill in increasingly poor nations, which could further spread the oil curse. This landmark book explains why good geology often leads to bad governance, and how this can be changed.
Sustaining Development In Mineral Economies
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Author : Richard Auty
language : en
Publisher: Routledge
Release Date : 2002-09-26
Sustaining Development In Mineral Economies written by Richard Auty and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-09-26 with Business & Economics categories.
It is widely believed that natural mineral resources are desirable. However there is growing evidence that this may not always be the case. Indeed, it seems that natural assets can distort the economy to such a degree that the benefit actually becomes a curse. In Sustaining Development in Mineral Economies, Richard Auty highlights these drawbacks and the devastating effect they can have on developing economies. With reference to six ore-exporters (viz. Peru, Bolivia, Chile, Jamaica, Zambia and Papua New Guinea) he outlines how things can go badly wrong. He particularly stresses the need to avoid `Dutch Disease' whereby competitiveness is drained out of the agriculture and manufacturing sectors so that in the long term growth falters.
Africa S Natural Resources And Underdevelopment
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Author : Kwamina Panford
language : en
Publisher: Springer
Release Date : 2017-02-02
Africa S Natural Resources And Underdevelopment written by Kwamina Panford and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-02-02 with Business & Economics categories.
This book explores how African countries can convert their natural resources, particularly oil and gas, into sustainable development assets. Using Ghana, one of the continent’s newest oil-producing countries, as a lens, it examines the "resource curse" faced by other producers - such as Nigeria, Angola, and Equatorial Guinea - and demonstrates how mismanagement in those countries can provide valuable lessons for new oil producers in Africa and elsewhere. Relying on a broad range of fieldwork and policymaking experience, Panford suggests practical measures for resource-rich developing countries to transform natural resources into valuable assets that can help create jobs, boost human resources, and improve living and working conditions in Ghana in particular. He suggests fiscal, legal, and environmental antidotes to resource mismanagement, which he identifies as the major obstacle to socioeconomic development in countries that have historically relied on natural resources.
Closing The Circle
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Author : Richard Sandbrook
language : en
Publisher: Between The Lines
Release Date : 2000
Closing The Circle written by Richard Sandbrook and has been published by Between The Lines this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Business & Economics categories.
It is a truism that many African countries face a three-pronged tribulation--political tyranny; failed capitalist development; and violent domestic conflict. The relationship between effective democratic institutions, successful development and civil peace is less clear. This book analyzes the experience with democratization of a carefully selected sample of countries: Ghana, Mali, and Niger in West Africa; Zambia, Tanzania, and Madagascar in East Africa; and Sudan.
The Oxford Handbook Of Nigerian Politics
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Author : A. Carl LeVan
language : en
Publisher: Oxford Handbooks
Release Date : 2018
The Oxford Handbook Of Nigerian Politics written by A. Carl LeVan and has been published by Oxford Handbooks this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with Political Science categories.
This volume is an authoritative and agenda-setting examination of Nigerian politics.