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This book aims to foster a better understanding of the particular challenges faced by resource-dependent countries or jurisdictions in managing their resource revenues through natural resource funds (NRFs). It explores the varieties of natural resource management strategies as dictated primarily by domestic politics, and how the potential negative distributional consequences of resource wealth management (the resource curse) may add political dimensions and potential conflicts to decisions about NRFs in ways that other sovereign wealth funds (SWFs) do not experience.
By bridging the existing academic and practical knowledge gap arising from the limited attention given to the domestic politics of NRFs and state-society relations, this edited book is a valuable resource for academics, policymakers, and civil society actors in resource-driven economies and especially those interested in learning from comparative experiences of natural resource wealth management through NRFs.
List of contents
Chapter 1: Introduction: The Political Economy of Natural Resource Funds (NRFs).- Chapter 2: The Alaska Permanent Fund and the Alberta Heritage Savings Trust Fund - Divergent Paths, Divergent Outcomes.- Chapter 3: The Political Economy of the Angola Fund.- Chapter 4: Botswana's Natural Resource Fund (The Pula Fund).- Chapter 5: Chile: A Successful Story in Latin America?.- Chapter 6: The Political Economy of Sovereign Wealth Fund Management in Ghana.- Chapter 7: States and the Construction of Privilege over the Creation of Oil Funds in Nigeria.- Chapter 8: A Less than Sovereign Wealth Fund: Norway's Government Pension Fund, Global.- Chapter 9: Old Fund, New Mandate: Saudi Arabia's Public Investment Fund (PIF).- Chapter 10: The Timor Leste Petroleum Fund: From Buying Peace to White Elephants.- Chapter 11: Practices and Models: Prospects for Commodity-based SWFs.- Index.
About the author
Eyene Okpanachi is Marie Curie Fellow at the University of South Wales. He was previously Banting Postdoctoral Fellow at the University of Victoria and Vanier Canada Graduate Scholar at the University of Alberta.
Reeta Chowdhari Tremblay is Professor of Comparative Politics and former Provost/Vice President Academic at the University of Victoria, Canada. She is Past President of the Canadian Political Science Association (CPSA).
