Asian-driven resource booms in Africa ; Rethinking the impacts on development
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 royalt... Mehr ...
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Dokumenttyp: | Discussion paper |
Erscheinungsdatum: | 2008 |
Verlag/Hrsg.: |
International Food Policy Research Institute (IFPRI)
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Schlagwörter: | AFRICA / ZAMBIA / SOUTHERN AFRICA / AFRICA SOUTH OF SAHARA / Dutch disease / Resource booms / Privatization / Income distribution |
Sprache: | Englisch |
Permalink: | https://search.fid-benelux.de/Record/base-28585049 |
Datenquelle: | BASE; Originalkatalog |
Powered By: | BASE |
Link(s) : | http://www.ifpri.org/publication/asian-driven-resource-booms-africa |
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 ; Non-PR ; IFPRI1; GRP3; Country and regional food, nutrition, and agricultural strategies ; DSGD