This book examines the reduction of natural resource revenue
dependency in resource-rich countries. Such countries experience
lower economic growth due to factors of high volatility in
commodity prices, reduction in accountability, undermining of the
competitiveness of other economic sectors, and weak power of
institutions. The analysis is based on an identified gap in the
literature regarding how private sector development and public
sector development affect the degree of dependency on resource
revenue in natural resource-rich countries. This book studies the
interaction between private and public sector development with
dependency on natural resources, specifically exploring whether the
two diversified factors lead to a decrease in the degree of
dependency, which is important for economic growth and to overcome
the "resource curse". Economic diversification is viewed as a
long-term solution to the high economic dependency from natural
resources. Private sector development and public sector reforms may
lead to this diversification. The analysis of the book helps to
shed light on private sector development, public services sector
privatization, and a taxation system to diversify sources of
income, with the objective to reduce dependency on natural
resources extraction. This book is an invaluable read for public
policymakers, the public and private sectors, law makers, and
scholars of developmental studies.
General
| Imprint: |
Springer Verlag, Singapore
|
| Country of origin: |
Singapore |
| Series: |
Perspectives on Development in the Middle East and North Africa (MENA) Region |
| Release date: |
June 2023 |
| First published: |
2023 |
| Authors: |
Goran M. Muhamad
|
| Dimensions: |
235 x 155mm (L x W) |
| Pages: |
198 |
| Edition: |
1st ed. 2023 |
| ISBN-13: |
978-981-9936-39-7 |
| Categories: |
Books
|
| LSN: |
981-9936-39-X |
| Barcode: |
9789819936397 |
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