GTAP Resources: Resource Display
| GTAP Resource #2764 |
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"Asian-driven Resource Booms in Africa: Rethinking the Impacts on Development " by Breisinger, Clemens and James Thurlow Abstract 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. |
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- Domestic policy analysis - Economic growth - Economic development - Foreign direct investment |
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If you have trouble accessing any of the attachments below due to disability, please contact the authors listed above.
Public Access  2008 Conference Paper (95.9 KB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 1:05:45 PM
