Rowing against the current: Diversification in Africa's resource-rich economies

John Page

No wp-2018-68, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: The exploitation of natural resources is a huge opportunity, but one that carries considerable risks. Relative prices in resource-exporting economies tend to push them towards economic structures dominated by the resource sector. This paper explores ways to achieve diversification in a resource-rich economy. It describes the relative price changes that accompany a resource boom and suggests policies and public investments to mitigate their impact.

Keywords: Extractive industries; Natural resources; Diversification (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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