Fiscal Policy and the Natural Resources Curse

How to Escape from the Poverty Trap

By:

Paul Mosley

Format:

Hardback

Series:

Routledge Studies in Development Economics

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Description

It is widely accepted that natural resource wealth, especially in the form of oil and minerals, can be a key factor in inhibiting economic development. Many of the countries that are richest in natural resources – including oil, metals and diamonds – are amongst the world’s poorest. Why? Fiscal Policy and the Natural Resources Curse re-examines this ancient, unsolved puzzle, asking why many governments of natural resource-intensive countries are incapable, in a globalised world, of dealing with the natural-resource curse. This book offers a detailed analysis of the power-relationships which underpin the natural resource curse, using both statistical analysis and country case studies from Africa and Latin America to pinpoint the strategies that have enable developing countries to break out of the poverty trap. The book differs from other works on this subject, as it not only identifies the issues at stake but also offers solutions in the form of a series of suggested policy measures. The work focusses in particular on fiscal escape routes, namely measures to develop and diversify the tax system, and to reallocate and target public expenditure. This volume will be of great interest to scholars of economic development, the economics of natural resources and economic growth as well as all those with an interest in development, global politics and anti-poverty policies.

Author Biography:

Paul Mosley is a development economist with strong interests in politics and the welfare state. He has held professorial chairs at the universities of Manchester and Reading, and is currently Professor of Economics at the University of Sheffield, UK.

Release date NZ

February 27th, 2017

Author

Paul Mosley

Audiences

Postgraduate, Research & Scholarly
Undergraduate

Illustrations

34 Tables, black and white; 18 Line drawings, black and white; 5 Halftones, black and white; 23 Illustrations, black and white

Pages

262

Series

Routledge Studies in Development Economics

ISBN-13

9781138945395

Product ID

26145128

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