Natural resource wealth: the challenge of managing a windfall
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...
| Главные авторы: | , |
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| Формат: | Working paper |
| Опубликовано: |
University of Oxford
2011
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| Итог: | 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. |
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