English, Article, Journal or magazine article edition: Asian-driven resource booms in Africa: Rethinking the impacts on development Breisinger, Clemens; Thurlow, James

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Bookmark: http://trove.nla.gov.au/version/61651
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Asian-driven resource booms in Africa: Rethinking the impacts on development
Author
  • Breisinger, Clemens
  • Thurlow, James
Physical Description
  • preprint
Notes
  • "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." from Author's Abstract
  • Dutch disease, Resource booms, Privatization, Income distribution,
  • RePEc:fpr:ifprid:747
Language
  • English
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