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Fiscal Policy and the Natural Resources Curse - How to Escape from the Poverty Trap (Hardcover)
Loot Price: R4,419
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Fiscal Policy and the Natural Resources Curse - How to Escape from the Poverty Trap (Hardcover)
Series: Routledge Studies in Development Economics
Expected to ship within 12 - 17 working days
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It is widely accepted that natural resource wealth, especially in
the form of oil and minerals, can be a key factor in inhibiting
economic development. Many of the countries that are richest in
natural resources - including oil, metals and diamonds - are
amongst the world's poorest. Why? Fiscal Policy and the Natural
Resources Curse re-examines this ancient, unsolved puzzle, asking
why many governments of natural resource-intensive countries are
incapable, in a globalised world, of dealing with the
natural-resource curse. This book offers a detailed analysis of the
power-relationships which underpin the natural resource curse,
using both statistical analysis and country case studies from
Africa and Latin America to pinpoint the strategies that have
enable developing countries to break out of the poverty trap. The
book differs from other works on this subject, as it not only
identifies the issues at stake but also offers solutions in the
form of a series of suggested policy measures. The work focusses in
particular on fiscal escape routes, namely measures to develop and
diversify the tax system, and to reallocate and target public
expenditure. This volume will be of great interest to scholars of
economic development, the economics of natural resources and
economic growth as well as all those with an interest in
development, global politics and anti-poverty policies.
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