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Development Policies in Natural Resource Economies
This important book examines the factors that influence economic growth and sustainable development in countries with a significant natural resource sector. It addresses the key issue of how to make the primary sector sufficiently productive to provide for investment in both itself and other sectors of the economy.
Using individual country experiences as well as cross-country analyses, the authors highlight some of the successful policy measures which have been applied to economies with an abundance of natural resources. They also consider the management of natural resources and sustainable development from a local perspective. In conclusion, they argue that these types of economies need pro-active government policies, successful cooperation between private and public institutions and a gradual process of upgrading of skills and technology in order to achieve sustainable development.
This book will be welcomed by development economists and natural resource economists as well as policymakers and planners in government and international agencies.
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What Reviewers Are Saying
`. . . this volume would also be useful reading for postgraduate students of development economics or natural resources management.' -- Elizabeth Bennett, Progress in Development Studies `The issue as to what role the exploitation of natural resources plays in stimulating or retarding economic growth in developing countries is a critical one for the first decades of the new millennium. By examining the key factors determining the development prospects of resource-based economies, this collection of essays is making an important contribution to the debate over a key paradox of our times - the failure of resource-abundant poor countries to "catch up" with the growth rates of wealthier countries.' -- Edward B. Barbier, University of Wyoming, US