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Natural resource wealth: the challenge of managing a windfall

Abstract:
Many countries have failed to use natural resource wealth to promote growth and development. They have been damaged by volatility of revenues, have failed to save a sufficiently high proportion of their resource revenues and failed to make high return investments to support diversification of their economies. This paper explores the reasons for these failures and discusses policies to improve performance.
Publication status:
Published

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Publisher:
University of Oxford Publisher's website
Series:
OxCarre Papers
Publication date:
2011-11-08
Paper number:
75
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Pubs id:
514587
Local pid:
pubs:514587
Deposit date:
2020-12-14

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