Natural Resource Wealth: The Challenge of Managing a Windfall
Posted: 1 Sep 2012
Date Written: July 2012
Many countries have failed to use natural resource wealth to promote growth and development. They have been damaged by the volatility of revenues and 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 review explores the reasons for these failures and discusses policies to improve performance.
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