|
|
|
|
| |
|
|
Breisinger, Clemens; Thurlow, James. |
Today’s resource boom in Africa, driven by Asian economic growth, offers new opportunities for resource-rich African countries. Contrary to the experience of previous booms, however, most mining profits now accrue to foreign companies, leaving little room for governments to use revenues for pro-poor investments or to mitigate adverse distributional impacts. Taking Zambia as a case study, this paper shows that despite privatization, Dutch disease remains a valid concern and may hamper economic diversification, worsen income distribution, and undermine poverty reduction strategies. Mining royalties must, therefore, be increased and used to finance growth-inducing investments that encourage pro-poor economic diversification, else many African countries will... |
Tipo: Working or Discussion Paper |
Palavras-chave: Dutch disease; Resource booms; Privatization; Income distribution; Africa; Zambia; International Relations/Trade; Resource /Energy Economics and Policy. |
Ano: 2008 |
URL: http://purl.umn.edu/42351 |
| |
|
| |
|
| |
|
|
|