Sharing Resource Wealth Inclusively within and Across Generations

39 Pages Posted: 4 Feb 2022

See all articles by Nathalie Pouokam

Nathalie Pouokam

International Monetary Fund (IMF)

Date Written: April 2021

Abstract

This paper discusses the main challenges faced by resource-rich nations in promoting equity; describes policy tools available for managing exhaustible natural resources; and analyzes the relationship between resource wealth and state fragility. It is argued that human capital accumulation, innovation, and technology diffusion can help escape the trap of low growth and resource dependence that plagues so many developing countries. But to make this possible, resource-rich nations must sustain strong citizen participation in the policy making to hold governments accountable and ensure the inclusive management of resource wealth.

Keywords: resource curse, natural resource wealth, exhaustible natural resources, resource rent, resource wealth, natural resource, Natural resources, Fiscal rules, Income inequality, Exports, Global

JEL Classification: F31, E26, Q00, E62, E25, F10

Suggested Citation

Pouokam, Nathalie, Sharing Resource Wealth Inclusively within and Across Generations (April 2021). IMF Working Paper No. 2021/097, Available at SSRN: https://ssrn.com/abstract=4026268

Nathalie Pouokam (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

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