Coverart for item
The Resource Beyond the Curse : Policies to Harness the Power of Natural Resources

Beyond the Curse : Policies to Harness the Power of Natural Resources

Label
Beyond the Curse : Policies to Harness the Power of Natural Resources
Title
Beyond the Curse
Title remainder
Policies to Harness the Power of Natural Resources
Creator
Contributor
Subject
Genre
Language
eng
Summary
Countries with an abundance of natural resources, many of which are in sub-Saharan Africa, often show a record of relatively poor economic performance compared with non-resource-rich countries. The chapters in this volume explore the potential challenges to countries with abundant natural resources and ways to manage these challenges so as to reap the benefits of resource wealth while avoiding the pitfalls. The book is divided into five sections, which explore commodity markets and the macroeconomy, economic diversification and the role of finance, fiscal policy, exchange rates and financial stability, and governance. The ideas in this book were first presented at a seminar in November 2010 that was aimed primarily at policymakers in sub-Saharan Africa and brought together ministers, central bank governors, other senior policymakers, and well-known academics
Cataloging source
MiAaPQ
LC call number
HC85 -- .B49 2011eb
Literary form
non fiction
Nature of contents
dictionaries
Label
Beyond the Curse : Policies to Harness the Power of Natural Resources
Link
http://ebookcentral.proquest.com/lib/multco/detail.action?docID=1587356
Instantiates
Publication
Copyright
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
  • Cover -- Contents -- Foreword -- Acknowledgments -- Abbreviations and Acronyms -- 1 Overview -- Part I: COMMODITY MARKETS AND THE MACROECONOMY -- 2 Natural Resource Endowment: A Mixed Blessing? -- Introduction -- Policy Issues in Natural-Resource-Rich Countries -- Norway and Other Success Stories -- From Anecdotes to Empirical Testing -- Conclusion -- References -- 3 Primary Commodities: Historical Perspectives and Prospects -- Primary Commodities in the Economic Development Process -- Falling Transport Costs and Globalizing Markets -- The Entry and Exit of the State in the Commodity Sector in the 20th Century -- Real Prices: Falling Long-Run Trends and Short-Run Instability -- Policy Implications for Commodity-Exporting Nations -- References -- Part II: ECONOMIC DIVERSIFICATION AND THE ROLE OF FINANCE -- 4 Economic Diversification in Resource-Rich Countries -- Introduction -- Why Diversify? -- The Resource Curse: A Diversification Perspective -- The Examples of Malaysia, Indonesia, Chile, and Dubai -- Some Common Factors in Success -- Conclusions -- References -- 5 Finance and Oil: Is There a Resource Curse? -- Introduction -- Finance and Growth: Is There a Natural Resource Discount? -- Finance and Natural Resources-Is There a Resource Curse? -- Banks in Resource-Based Economies -- Access to Finance in Resource-Based Economies -- Summary and Policy Implications -- References -- 6 The Economics of Sovereign Wealth Funds: Lessons from Norway -- Introduction -- The Economics of Sovereign Wealth Funds -- The (Long) Road to a Sovereign Wealth Fund -- Sovereign Wealth Management -- Conclusions and Policy Implications -- References -- Part III: FISCAL POLICY -- 7 Primary Commodity Price Series: Lessons for Policymakers in Resource-Rich Countries -- Introduction -- Empirical Evidence -- What Can Policymakers Do to Counter These Three Challenges?
  • Summary -- References -- 8 Sustainable Fiscal Policy for Mineral-Based Economies -- Introduction -- Measuring Economic Performance -- Achieving Economic and Fiscal Sustainability -- Conclusions and Policy Implications -- Appendix -- References -- 9 Fiscal Policy In Commodity-Exporting Countries: Stability and Growth -- Introduction -- Data -- Estimation Strategy and Main Results -- Conclusion -- References -- Part IV: EXCHANGE RATES AND FINANCIAL STABILITY -- 10 How Can Commodity Exporters Make Fiscal and Monetary Policy Less Procyclical? -- The Problem of Procyclicality -- Proposal to Make Fiscal Policy More Countercyclical: Emulate Chile's Structural Budget Rule Institutions -- Proposal to Make Monetary Policy More Countercyclical: Product Price Targeting -- Summary -- References -- 11 Natural Resources Management and Financial Stability: Evidence from Algeria -- Introduction -- External Shocks and Financial Instability -- Adoption of Prudent Macroeconomic Management for Increased Resources -- Financing for the Economy in a Context of Prudent Resource Management -- Strengthening the Framework for Financial Stability: Outlook for the Macroprudential Approach -- 12 Copper, The Real Exchange Rate and Macroeconomic Fluctuations in Chile -- Introduction -- Copper in the Chilean Economy -- Fiscal Policy and Copper -- Economic Fluctuations and the Copper Cycle -- Terms-of-Trade Shocks, Real Exchange Rate, and Long-Run Dynamics -- Macroeconomic Fluctuations and Real Exchange Rate Volatility -- Simulation of a Copper Price Shock Using a DSGE Model -- Concluding Remarks -- References -- Appendix A -- Appendix B -- Part V: GOVERNANCE AND INSTITUTIONAL ASPECTS -- 13 The Political Economy of Reform in Resource-Rich Countries -- Introduction -- How Do Countries Reform When They Receive Resource Rents?
  • How Should Countries Reform When They Receive Resource Rents? -- Which Reforms? -- The Design of Petroleum Funds and Political Incentives -- Conclusion -- References -- 14 Terms of Trade and Growth of Resource Economies: Contrasting Evidence from Two African Countries -- Introduction -- Theoretical Discussion -- Empirical Model -- Some Lessons and Concluding Observat -- References
Control code
EBC1587356
Dimensions
unknown
Extent
1 online resource (288 pages)
Form of item
online
Isbn
9781463952686
Media category
computer
Media MARC source
rdamedia
Media type code
c
Note
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
Sound
unknown sound
Specific material designation
remote
System control number
  • (MiAaPQ)EBC1587356
  • (Au-PeEL)EBL1587356
  • (CaPaEBR)ebr10556947
  • (OCoLC)867927342
Label
Beyond the Curse : Policies to Harness the Power of Natural Resources
Link
http://ebookcentral.proquest.com/lib/multco/detail.action?docID=1587356
Publication
Copyright
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
  • Cover -- Contents -- Foreword -- Acknowledgments -- Abbreviations and Acronyms -- 1 Overview -- Part I: COMMODITY MARKETS AND THE MACROECONOMY -- 2 Natural Resource Endowment: A Mixed Blessing? -- Introduction -- Policy Issues in Natural-Resource-Rich Countries -- Norway and Other Success Stories -- From Anecdotes to Empirical Testing -- Conclusion -- References -- 3 Primary Commodities: Historical Perspectives and Prospects -- Primary Commodities in the Economic Development Process -- Falling Transport Costs and Globalizing Markets -- The Entry and Exit of the State in the Commodity Sector in the 20th Century -- Real Prices: Falling Long-Run Trends and Short-Run Instability -- Policy Implications for Commodity-Exporting Nations -- References -- Part II: ECONOMIC DIVERSIFICATION AND THE ROLE OF FINANCE -- 4 Economic Diversification in Resource-Rich Countries -- Introduction -- Why Diversify? -- The Resource Curse: A Diversification Perspective -- The Examples of Malaysia, Indonesia, Chile, and Dubai -- Some Common Factors in Success -- Conclusions -- References -- 5 Finance and Oil: Is There a Resource Curse? -- Introduction -- Finance and Growth: Is There a Natural Resource Discount? -- Finance and Natural Resources-Is There a Resource Curse? -- Banks in Resource-Based Economies -- Access to Finance in Resource-Based Economies -- Summary and Policy Implications -- References -- 6 The Economics of Sovereign Wealth Funds: Lessons from Norway -- Introduction -- The Economics of Sovereign Wealth Funds -- The (Long) Road to a Sovereign Wealth Fund -- Sovereign Wealth Management -- Conclusions and Policy Implications -- References -- Part III: FISCAL POLICY -- 7 Primary Commodity Price Series: Lessons for Policymakers in Resource-Rich Countries -- Introduction -- Empirical Evidence -- What Can Policymakers Do to Counter These Three Challenges?
  • Summary -- References -- 8 Sustainable Fiscal Policy for Mineral-Based Economies -- Introduction -- Measuring Economic Performance -- Achieving Economic and Fiscal Sustainability -- Conclusions and Policy Implications -- Appendix -- References -- 9 Fiscal Policy In Commodity-Exporting Countries: Stability and Growth -- Introduction -- Data -- Estimation Strategy and Main Results -- Conclusion -- References -- Part IV: EXCHANGE RATES AND FINANCIAL STABILITY -- 10 How Can Commodity Exporters Make Fiscal and Monetary Policy Less Procyclical? -- The Problem of Procyclicality -- Proposal to Make Fiscal Policy More Countercyclical: Emulate Chile's Structural Budget Rule Institutions -- Proposal to Make Monetary Policy More Countercyclical: Product Price Targeting -- Summary -- References -- 11 Natural Resources Management and Financial Stability: Evidence from Algeria -- Introduction -- External Shocks and Financial Instability -- Adoption of Prudent Macroeconomic Management for Increased Resources -- Financing for the Economy in a Context of Prudent Resource Management -- Strengthening the Framework for Financial Stability: Outlook for the Macroprudential Approach -- 12 Copper, The Real Exchange Rate and Macroeconomic Fluctuations in Chile -- Introduction -- Copper in the Chilean Economy -- Fiscal Policy and Copper -- Economic Fluctuations and the Copper Cycle -- Terms-of-Trade Shocks, Real Exchange Rate, and Long-Run Dynamics -- Macroeconomic Fluctuations and Real Exchange Rate Volatility -- Simulation of a Copper Price Shock Using a DSGE Model -- Concluding Remarks -- References -- Appendix A -- Appendix B -- Part V: GOVERNANCE AND INSTITUTIONAL ASPECTS -- 13 The Political Economy of Reform in Resource-Rich Countries -- Introduction -- How Do Countries Reform When They Receive Resource Rents?
  • How Should Countries Reform When They Receive Resource Rents? -- Which Reforms? -- The Design of Petroleum Funds and Political Incentives -- Conclusion -- References -- 14 Terms of Trade and Growth of Resource Economies: Contrasting Evidence from Two African Countries -- Introduction -- Theoretical Discussion -- Empirical Model -- Some Lessons and Concluding Observat -- References
Control code
EBC1587356
Dimensions
unknown
Extent
1 online resource (288 pages)
Form of item
online
Isbn
9781463952686
Media category
computer
Media MARC source
rdamedia
Media type code
c
Note
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
Sound
unknown sound
Specific material designation
remote
System control number
  • (MiAaPQ)EBC1587356
  • (Au-PeEL)EBL1587356
  • (CaPaEBR)ebr10556947
  • (OCoLC)867927342

Library Locations

  • Albina LibraryBorrow it
    3605 NE 15th Avenue, Portland, OR, 97212, US
    45.549039 -122.650525
  • Belmont LibraryBorrow it
    1038 SE César E. Chávez Boulevard, Portland, OR, 97214, US
    45.515217 -122.622669
  • Capitol Hill LibraryBorrow it
    10723 SW Capitol Highway, Portland, OR, 97219, US
    45.448003 -122.725422
  • Central LibraryBorrow it
    801 SW 10th Avenue, Portland, OR, 97205, US
    45.519098 -122.682899
  • Fairview-Columbia LibraryBorrow it
    1520 NE Village Street, Fairview, OR, 97024, US
    45.532283 -122.439336
  • Gregory Heights LibraryBorrow it
    7921 NE Sandy Boulevard, Portland, OR, 97213, US
    45.551662 -122.581264
  • Gresham LibraryBorrow it
    385 NW Miller Avenue, Gresham, OR, 97030, US
    45.500070 -122.433041
  • Hillsdale LibraryBorrow it
    1525 SW Sunset Boulevard, Portland, OR, 97239, US
    45.479852 -122.694013
  • Holgate LibraryBorrow it
    7905 SE Holgate Boulevard, Portland, OR, 97206, US
    45.490548 -122.582218
  • Hollywood LibraryBorrow it
    4040 NE Tillamook Street, Portland, OR, 97212, US
    45.537544 -122.621237
  • Isom BuildingBorrow it
    205 NE Russell Street , Portland, OR, 97212, US
    45.541222 -122.663268
  • Kenton LibraryBorrow it
    8226 N Denver Avenue, Portland, OR, 97217, US
    45.582857 -122.686379
  • Midland LibraryBorrow it
    805 SE 122nd Avenue, Portland, OR, 97233, US
    45.516683 -122.538488
  • North Portland LibraryBorrow it
    512 N Killingsworth Street, Portland, OR, 97217, US
    45.562454 -122.671507
  • Northwest LibraryBorrow it
    2300 NW Thurman Street, Portland, OR, 97210, US
    45.535316 -122.699254
  • Rockwood LibraryBorrow it
    17917 SE Stark Street, Portland, OR, 97233, US
    45.519541 -122.479013
  • Sellwood-Moreland LibraryBorrow it
    7860 SE 13th Avenue, Portland, OR, 97202, US
    45.467703 -122.652639
  • St. Johns LibraryBorrow it
    7510 N Charleston Avenue, Portland, OR, 97203, US
    45.590046 -122.751043
  • The Title Wave Used BookstoreBorrow it
    216 NE Knott Street, Portland, OR, 97212, US
    45.541647 -122.663075
  • Troutdale LibraryBorrow it
    2451 SW Cherry Park Road, Troutdale, OR, 97060, US
    45.529595 -122.409662
  • Woodstock LibraryBorrow it
    6008 SE 49th Avenue, Portland, OR, 97206, US
    45.478961 -122.612079
Processing Feedback ...