Chowdhury addresses fundamental issues of policy management in
resource-based developing countries, by providing an extension of
the existing 'Dutch Disease' theory and its applications to the
developing country context. The impact of resources booms is of
paramount importance for the developing economies. To date the
analytical and empirical investigations of these issues have not
been available. Essentially, this study will fill this gap. The
book investigates the macroeconomic impact of a resources boom and
the long-term growth implications of related policy choices with
reference to Papua New Guinea. Like many other primary commodity
exporting developing economies, Papua New Guinea experienced
several short-lived export booms over the past two and a half
decades, providing a fascinating case study of potential gains from
resources booms and the accompanying complex problems of policy
management. This study also incorporates a comparative study of
resources boom and policy management issues between Papua New
Guinea, Indonesia and Nigeria.
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