Chapter 3. The Political Economy of Petroleum Wealth in Low-Income Countries: Some Policy Alternatives »
Author(s): Rabah Arezki , Catherine Pattillo , Marc Quintyn , and Min Zhu
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 24 October 2012
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...