Overview
Research output: Chapter in Book/Report/Conference proceeding › Book chapter › Research › peer-review
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Overview. / Page, John; Tarp, Finn.
Mining for Change: Natural Resources and Industry in Africa. ed. / John Page; Finn Tarp. Oxford : Oxford University Press, 2020. p. 1-23 (WIDER Studies in Development Economics).Research output: Chapter in Book/Report/Conference proceeding › Book chapter › Research › peer-review
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TY - CHAP
T1 - Overview
AU - Page, John
AU - Tarp, Finn
PY - 2020
Y1 - 2020
N2 - For a growing number of African economies the discovery of natural resources is a tremendous opportunity, but one accompanied by considerable risks. Many African countries dependent on oil, gas, and mining have weaker long-run growth, higher rates of poverty and greater income inequality than their less resource-dependent neighbours. One major risk comes from the structure of resource-rich economies themselves. Relative prices make it more difficult to diversify into internationally competitive activities outside the resource sector, thus narrowing the scope for structural change. This chapter focuses on how countries can use natural resources to diversify. Drawing on country-level evidence it explores three key themes: the institutions needed to manage a resource boom, the construction sector, and linking industry to the resource.
AB - For a growing number of African economies the discovery of natural resources is a tremendous opportunity, but one accompanied by considerable risks. Many African countries dependent on oil, gas, and mining have weaker long-run growth, higher rates of poverty and greater income inequality than their less resource-dependent neighbours. One major risk comes from the structure of resource-rich economies themselves. Relative prices make it more difficult to diversify into internationally competitive activities outside the resource sector, thus narrowing the scope for structural change. This chapter focuses on how countries can use natural resources to diversify. Drawing on country-level evidence it explores three key themes: the institutions needed to manage a resource boom, the construction sector, and linking industry to the resource.
KW - Faculty of Social Sciences
KW - Africa
KW - natural resource revenue
KW - oil
KW - gas
KW - mining
KW - resource curse
KW - structural change
KW - diversification
KW - income inequality
KW - poverty
U2 - 10.1093/oso/9780198851172.003.0001
DO - 10.1093/oso/9780198851172.003.0001
M3 - Book chapter
SN - 9780198851172
T3 - WIDER Studies in Development Economics
SP - 1
EP - 23
BT - Mining for Change
A2 - Page, John
A2 - Tarp, Finn
PB - Oxford University Press
CY - Oxford
ER -
ID: 237961058