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Chapter 2. The Natural Resource Curse: A Survey of Diagnoses and Some Prescriptions

Chapter 2. The Natural Resource Curse: A Survey of Diagnoses and Some Prescriptions »

Source: Commodity Price Volatility and Inclusive Growth in Low-Income Countries

Series: Books

Author(s): Rabah Arezki , Catherine Pattillo , Marc Quintyn , and Min Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 October 2012

ISBN: 9781616353797

Keywords: hedging, fiscal policy, inflation, terms of trade, food prices

Oil, minerals, and agricultural resources can bring great riches to those who possess them. Yet countries that are abundantly endowed with such natural resources often encounter pitfalls that interfere with...

Chapter 3. The Political Economy of Petroleum Wealth in Low-Income Countries: Some Policy Alternatives

Chapter 3. The Political Economy of Petroleum Wealth in Low-Income Countries: Some Policy Alternatives »

Source: Commodity Price Volatility and Inclusive Growth in Low-Income Countries

Series: Books

Author(s): Rabah Arezki , Catherine Pattillo , Marc Quintyn , and Min Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 October 2012

ISBN: 9781616353797

Keywords: hedging, fiscal policy, inflation, terms of trade, food prices

Introduction The problems created by abundant mineral wealth—commonly referred to as the natural resource curse—are mostly political, not economic. If low-income countries were gover...

Chapter 7. Fiscal Policy for Commodity-Exporting Countries: Chile’s Experience

Chapter 7. Fiscal Policy for Commodity-Exporting Countries: Chile’s Experience »

Source: Commodity Price Volatility and Inclusive Growth in Low-Income Countries

Series: Books

Author(s): Rabah Arezki , Catherine Pattillo , Marc Quintyn , and Min Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 October 2012

ISBN: 9781616353797

Keywords: hedging, fiscal policy, inflation, terms of trade, food prices

Introduction Chile, a small economy strongly integrated into world markets, is an important producer and exporter of commodities. Copper dominates its market: Chile has a one-third s...

CHAPTER 4 Economic Diversification in Resource-Rich Countries

CHAPTER 4 Economic Diversification in Resource-Rich Countries »

Source: Beyond the Curse : Policies to Harness the Power of Natural Resources

Series: Books

Author(s): Amadou Sy , Rabah Arezki , and Thorvaldur Gylfason

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2012

ISBN: 9781616351458

Keywords: natural resource, copper, inflation, commodity prices

INTRODUCTION Developing countries as a whole have been remarkably successful in diversifying their economies and their export structures. This process of diversification has taken ma...