Fiscal Policy and the Natural Resources Curse - How to Escape From the Poverty Trap

Informationen zum Autor 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. Klappentext 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. Zusammenfassung 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. Inhaltsverzeichnis Contents List of Figures List of Tables Preface List of Abbreviations Introduction The way forward: how do ‘inclusive’ alliances happen? 1. Analytic framework 2. Case studies of resource-intensive countries: i. The classic comparison: Nigeria vs. Indonesia revisited ii. Other ‘strategic alliances’: Chile, Botswana, Ghana and Bolivia iii. Other rentier-dominated states: Venezuela and Zambia 3. Summary and conclusion The fiscal politics of mineral development in Ghana 1. Introduction: political settlements and their economic consequences prior to the 1980s 2. Transformation of the tax structure: political and economic dri...

Product details

• Authors: Paul Mosley
• Publisher: Taylor & Francis Ltd.
• Languages: English
• Product format: Hardback
• Released: 27.02.2017
• EAN: 9781138945395
• ISBN: 978-1-138-94539-5
• No. of pages: 262
• Subject: Social sciences, law, business > Business > General, dictionaries