Asian-driven resource booms in Africa: Rethinking the impacts on development
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...
| Main Authors: | , |
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| Format: | Artículo preliminar |
| Language: | Inglés |
| Published: |
International Food Policy Research Institute
2008
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10568/161744 |
| _version_ | 1855514802840928256 |
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| author | Breisinger, Clemens Thurlow, James |
| author_browse | Breisinger, Clemens Thurlow, James |
| author_facet | Breisinger, Clemens Thurlow, James |
| author_sort | Breisinger, Clemens |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | 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 remain caught in a resource trap. |
| format | Artículo preliminar |
| id | CGSpace161744 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2008 |
| publishDateRange | 2008 |
| publishDateSort | 2008 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1617442025-11-06T05:11:04Z Asian-driven resource booms in Africa: Rethinking the impacts on development Breisinger, Clemens Thurlow, James currencies economic development price volatility privatization income distribution 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 remain caught in a resource trap. 2008 2024-11-21T09:57:50Z 2024-11-21T09:57:50Z Working Paper https://hdl.handle.net/10568/161744 en Open Access application/pdf International Food Policy Research Institute Breisinger, Clemens; Thurlow, James. 2008. Asian-driven resource booms in Africa. IFPRI Discussion Paper 747. https://hdl.handle.net/10568/161744 |
| spellingShingle | currencies economic development price volatility privatization income distribution Breisinger, Clemens Thurlow, James Asian-driven resource booms in Africa: Rethinking the impacts on development |
| title | Asian-driven resource booms in Africa: Rethinking the impacts on development |
| title_full | Asian-driven resource booms in Africa: Rethinking the impacts on development |
| title_fullStr | Asian-driven resource booms in Africa: Rethinking the impacts on development |
| title_full_unstemmed | Asian-driven resource booms in Africa: Rethinking the impacts on development |
| title_short | Asian-driven resource booms in Africa: Rethinking the impacts on development |
| title_sort | asian driven resource booms in africa rethinking the impacts on development |
| topic | currencies economic development price volatility privatization income distribution |
| url | https://hdl.handle.net/10568/161744 |
| work_keys_str_mv | AT breisingerclemens asiandrivenresourceboomsinafricarethinkingtheimpactsondevelopment AT thurlowjames asiandrivenresourceboomsinafricarethinkingtheimpactsondevelopment |