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Reducing Natural Resource Dependency For Economic Growth In Resource Rich Countries

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Reducing Natural Resource Dependency For Economic Growth In Resource Rich Countries

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Author : Goran M. Muhamad
language : en
Publisher: Springer Nature
Release Date : 2023-06-19

Reducing Natural Resource Dependency For Economic Growth In Resource Rich Countries written by Goran M. Muhamad and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-06-19 with Business & Economics categories.

This book examines the reduction of natural resource revenue dependency in resource-rich countries. Such countries experience lower economic growth due to factors of high volatility in commodity prices, reduction in accountability, undermining of the competitiveness of other economic sectors, and weak power of institutions. The analysis is based on an identified gap in the literature regarding how private sector development and public sector development affect the degree of dependency on resource revenue in natural resource-rich countries. This book studies the interaction between private and public sector development with dependency on natural resources, specifically exploring whether the two diversified factors lead to a decrease in the degree of dependency, which is important for economic growth and to overcome the "resource curse". Economic diversification is viewed as a long-term solution to the high economic dependency from natural resources. Private sector development and public sector reforms may lead to this diversification. The analysis of the book helps to shed light on private sector development, public services sector privatization, and a taxation system to diversify sources of income, with the objective to reduce dependency on natural resources extraction. This book is an invaluable read for public policymakers, the public and private sectors, law makers, and scholars of developmental studies.

Reducing Natural Resource Dependency For Economic Growth In Resource Rich Countries

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Author : Goran M. Muhamad
language : en
Publisher:
Release Date : 2023

Reducing Natural Resource Dependency For Economic Growth In Resource Rich Countries written by Goran M. Muhamad and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with categories.

Resource Management Performance A Sectoral Analysis In The Post Conflict Kurdistan Region Of Iraq

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Author : Goran M. Muhamad
language : en
Publisher: Springer Nature
Release Date : 2024-12-23

Resource Management Performance A Sectoral Analysis In The Post Conflict Kurdistan Region Of Iraq written by Goran M. Muhamad and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-12-23 with Business & Economics categories.

This book investigates the intricacies of resource management performance across various sectors within the Kurdistan Region of Iraq. With 13 in-depth studies, it examines the region's evolution from an agricultural society to an emerging market since the collapse of the Saddam Hussein regime in 2003. Oil and gas revenue, comprising over 85 percent of fiscal revenues, has attracted multinational companies and international humanitarian organizations, although external factors such as the ISIS conflict and global economic downturns have hindered their performance. Additionally, conflicts with Baghdad and the fallout of the ISIS war have led to double embargoes and economic crises, exacerbated by the region's provision for 2 million refugees and internally displaced persons. International entities like the IOM and UNDP have played vital roles in supporting the region's development amid these challenges. Despite these obstacles, the Kurdistan Region demonstrates significant economic potential. By scrutinizing resource management in sectors such as education and electricity, this book offers valuable insights and policy recommendations for researchers, decision-makers, and organizations invested in the region's growth and stability.

Rents To Riches

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Author : Naazneen Barma
language : en
Publisher: World Bank Publications
Release Date : 2012

Rents To Riches written by Naazneen Barma and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with Business & Economics categories.

Rents to Riches> focuses on the political economy of the detailed decisions that governments make at each step of the natural resource management (NRM) value chain. Many resource-dependent developing countries pursue seemingly shortsighted and suboptimal policies when extracting, taxing, and investing resource rents. The book contextualizes these micro-level outcomes with an emphasis on two central political economy dimensions: the degree to which governments can make credible intertemporal commitments to both resource developers and citizens, and the degree to which governments and inclined to turn resource rents into public goods. Almost 1.5 billion people live in the more than 50 World Bank client countries classified as resource-dependent. A detailed understanding of the way political economy characteristics affect the NRM decisions made in these countries by governments, extractive developers, and society can improve the design of interventions to support welfare-enhancing policy making and governance in the natural resource sectors. Featuring case study work from Africa (Angola, the Democratic Republic of Congo, Ghana, Niger, Nigeria), East Asia and Pacific (the Lao People's Democratic Republic, Mongolia, Timor-Leste), and Latin America and the Caribbean (Bolivia, Chile, Ecuador, Mexico, Trinidad an dTobago_, the book provides guidance for government clients, domestic stakeholders, and development partners committed to transforming natural resource into sustainable development riches.

Economic Growth And Financial Development

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Author : Muhammad Shahbaz
language : en
Publisher: Springer Nature
Release Date : 2021-09-21

Economic Growth And Financial Development written by Muhammad Shahbaz and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-09-21 with Business & Economics categories.

This book looks into the relationship between financial development, economic growth, and the possibility of a potential capital flight in the transmission process. It also examines the important role that financial institutions, financial markets, and country-level institutional factors play in economic growth and their impact on capital flight in emerging economies. By presenting new theoretical insights and empirical country studies as well as econometric approaches, the authors focus on the relationship between financial development and economic growth with capital flight in the era of financial crisis. Therefore, this book is a must-read for researchers, scholars, and policy-makers, interested in a better understanding of economic growth and financial development of emerging economies alike.

Institutional Design And Capacity To Enhance Effective Governance Of Oil And Gas Wealth The Case Of Kurdistan Region

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Author : Khazal Abdullah Auzer
language : en
Publisher: Springer
Release Date : 2017-05-15

Institutional Design And Capacity To Enhance Effective Governance Of Oil And Gas Wealth The Case Of Kurdistan Region written by Khazal Abdullah Auzer and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-05-15 with Business & Economics categories.

This book presents a ‘critical reappraisal’ of the resource curse thesis and extends the analysis to consider political and social dimensions, and thus, the importance of structure in the petroleum sector’s governance model. It examines major challenges surrounding the governance of petroleum resources, and the implications for the economic growth and development of hydrocarbon-abundant countries as a result of ineffective economic, political, and social mechanisms. The book subsequently investigates a range of causal factors that may promote or hinder the effective management of oil and gas resources in the Kurdistan Region, which also has implications for the security of the wider region and for global energy security. The book also seeks to arrive at lessons learned and policy guidelines to help inform other new petroleum-exporting countries and regions about how to best manage their newfound wealth.

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.

The Economics Of Natural Resources In Latin America

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Author : Osmel E. Manzano M.
language : en
Publisher: Routledge
Release Date : 2017-11-15

The Economics Of Natural Resources In Latin America written by Osmel E. Manzano M. and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-11-15 with Business & Economics categories.

Revenues from commodities are extremely important for Latin America and the Caribbean, yet there is very little literature on the structure of these industries and on the various ways in which the state obtains commodity revenues. This book aims to understand the trade-off between the degree of taxation overall, the profitability of the relevant industry and the amount of investment and subsequent production in the region, as well as the relevance of institutions in the performance of the sector. This volume focuses on economic efficiency: where Latin America stands in terms of the current tax system for the extractive sector; how policies have changed in this regard; and how policies may be improved. The Economics of Natural Resources in Latin America is timely, since this new era of lower and volatile prices and possible reconfiguration of investment flows poses a challenge to natural resource tax systems in the world. The argument of the book will be made by a collection of papers around the issue of tax efficiency in the region and concludes with chapters on institutions and the role of transparency. This book shows that there are varieties of experiences in resource taxation and management of revenues in Latin America that could be used to shape policy interventions in other regions. This variety is not only related to their diverse impact on welfare, but also on the policy challenges faced by the countries in the region. This volume is well suited for those who study and find interest in development economics, political economy and public finance, as well as policy

Inequalities In Sub Saharan Africa

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Author : Anda David
language : en
Publisher: World Bank Publications
Release Date : 2025-03-25

Inequalities In Sub Saharan Africa written by Anda David and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-03-25 with Business & Economics categories.

The growing disparity between the rich and poor remains a critical challenge, affecting countries across all continents, irrespective of their per capita gross domestic product. This widening gap not only impedes efforts to eradicate extreme poverty but also hinders progress toward social justice and resilience-building. Rising inequalities pose substantial barriers to sustainable development, and it is within this context that this book, Inequalities in Sub-Saharan Africa: Multidimensional Perspectives and Future Challenges, contributes to ongoing debates, offering a comprehensive analysis of the current challenges and future perspectives of inequality on the African continent.Despite the intensification of calls for wealth taxation and inequality reduction, progress has been slow. A key challenge lies in creating a viable political path for implementing progressive taxation policies. Resistance from those benefiting from the current system often stalls efforts, makingprogress difficult. Moreover, reducing inequality requires not only ex-post redistribution but also pre-distribution mechanisms that address inequality at its roots. Policies targeting education, competition, financial market regulation, and industrial development all hold the potential to create equitable economic opportunities, ensuring access to credit, job creation, and more-balanced economic growth.Despite facing unique, profound challenges, Africa is often overlooked in these global discussions. This book seeks to place the continent’s issues of income inequality, unequal access to education and health care, climate vulnerability, and inclusive growth at the center of the conversation. The book further advocates for innovative policies, including competition reforms and bargaining frameworks that shift the balance between capital and labor. Given that inequality in Africa is deeply rooted in historical, economic, and institutional factors, a stronger focus on pre-distribution policies is necessary. These systemic changes can help reshape the conditions under which inequality emerges and persists.In addition to policy reforms, it is vital to strengthen the research and academic infrastructure that underpins the understanding of inequality. Equity concerns must be addressed within the scientific field, and African research capabilities must be bolstered. This volume, written in collaboration with the African Center of Excellence for Inequality Research, calls for a greater focus on empowering African researchers as part of a broader development strategy. By doing so, it aligns with the World Bank’s and the Agence Française de Développement’s commitment to supporting research as a critical tool for sustainable development.

Natural Resources And Economic Development

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Author : Edward Barbier
language : en
Publisher: Cambridge University Press
Release Date : 2019-09-19

Natural Resources And Economic Development written by Edward Barbier and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-09-19 with Business & Economics categories.

The second edition of this landmark book explores how natural resources contribute to development in poor economies.

Reducing Natural Resource Dependency For Economic Growth In Resource Rich Countries

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