OxCarre Annual Report, 2007-08

OxCarre is a research centre devoted to the analysis of all aspects of the performance of economies which are ‘resource rich’. Such economies face a particular set of opportunities and problems. Resource rents provide opportunities for development and prosperity, yet the historical record of many su...

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Bibliographic Details
Main Author: Venables, A
Format: Report
Language:English
Published: Oxford Centre for the Analysis of Resource Rich Economies (OxCarre) 2008
Description
Summary:OxCarre is a research centre devoted to the analysis of all aspects of the performance of economies which are ‘resource rich’. Such economies face a particular set of opportunities and problems. Resource rents provide opportunities for development and prosperity, yet the historical record of many such economies has been poor. Revenues are volatile, they may undermine political systems, and may impede growth in other sectors of the economy. They create a range of policy issues, ranging from the design of contract and fiscal systems, through the macro‐economics of revenue management and to wider issues of trade and industrial policy, and of income distribution and social policy.