Beyond the curse : policies to harness the power of natural resources
by
 
Arezki, Rabah.

Title
Beyond the curse : policies to harness the power of natural resources

Author
Arezki, Rabah.

ISBN
9781616351458

Publication Information
[Washigton, D.C.] : International Monetary Fund, c2011.

Physical Description
xi, 275 p. ; 23 cm.

General Note
"This book is based on a high-level seminar that took place in Algiers on November 4th and 5th, 2010, under the title Natural Resources, Finance, and Development: Confronting Old and New Challenges. The seminar, organized by the Central Bank of Algeria and the IMF Institute ..."--P. 1.

Contents
Overview / Primary commodities : historical perspectives and prospects / Economic diversification in resource-rich countries / Finance and oil : is there a resource curse? / The economics of sovereign wealth funds : lessons from Norway / Primary commodity price series : lessons for policymakers in resource-rich countries / Sustainable fiscal policy for mineral-base economies / Fiscal policy in commodity-exporting countries : stability and growth / How can commodity exporters make fiscal and monetary policy less procyclical? / Natural resources management and financial stability : evidence from Algeria / Copper, the real exchange rate and macroeconomic fluctuations in Chile / The political economy of reform in resource-rich countries / Terms of trade and growth of resource economies : contrasting evidence from two African countries

Abstract
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.

Subject Term
Natural resources.
 
Resource curse.
 
Fiscal policy.
 
Monetary policy.
 
Foreign exchange rates.
 
Diversification in industry.
 
Economic development.
 
Primary commodities.
 
Finance.
 
Sovereign wealth funds.

Added Author
Arezki, Rabah.
 
Gylfason, Thorvaldur, 1951-
 
Sy, Amadou N. R.

Added Corporate Author
Bank al-Jazåa®ir.
 
IMF Institute.
 
International Monetary Fund.


LibraryMaterial TypeItem BarcodeShelf NumberCopy
IIEMSAAudio-visual Material33168025559093333.7 A684B 20111