Extractives for development: Ten main messages

Tony Addison and Alan R. Roe

No wp-2018-99, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Countries face both challenges and opportunities in using their extractive industries to achieve more inclusive development—particularly in the developing world. Yet while a large national income can result from resource wealth, it can also be associated with acute social inequality and deep poverty. Many countries struggle to diversify their economies, and create redistributive fiscal systems. The very worst cases see violent conflict and civil war. The expression 'resource curse' has in turn become common coin.

Keywords: Extractive industries; Resource wealth; Resource curse; Inequality; Poverty; Fiscal policy; Inclusive growth (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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