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The political economy of natural resources.

Abstract:
The rise in world prices of natural resources, coupled with the resource discoveries induced by high prices, is transforming Africa's opportunities. The economic future of Africa will be determined by whether this opportunity is seized or missed. The history of resource extraction in Africa is not encouraging. This paper reviews and develops the political economy of natural resources as a guide to how Africa might avoid a repetition of that history.

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Paul Collier More by this author
Journal:
Social Research: An International Quarterly
Volume:
77
Issue:
4
Publication date:
2010
URN:
uuid:5c649dfd-7738-4178-a1ee-1e0d151c3741
Local pid:
oai:economics.ouls.ox.ac.uk:15223
Language:
English

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