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GTAP Resources: Resource Display

GTAP Resource #2764

"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.


Resource Details (Export Citation) GTAP Keywords
Category: 2008 Conference Paper
Status: Published
By/In: Presented at the 11th Annual Conference on Global Economic Analysis, Helsinki, Finland
Date: 2008
Version:
Created: Breisinger, C. (4/15/2008)
Updated: Breisinger, C. (4/15/2008)
Visits: 2,325
- Domestic policy analysis
- Economic growth
- Economic development
- Foreign direct investment


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