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    Mining for Change

    Natural Resources and Industry in Africa

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    Contributor(s)
    Page, John (editor)
    Tarp, Finn (editor)
    Language
    English
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    Abstract
    For a growing number of countries in Africa the discovery and exploitation of natural resources is a great opportunity, but one accompanied by considerable risks. In Africa, countries dependent on oil, gas, and mining have tended to have weaker long-run growth, higher rates of poverty, and greater income inequality than less resource-abundant economies. In resource-producing economies, relative prices make it more difficult to diversify into activities outside of the resource sector, limiting structural change. Economic structure matters for at least two reasons. First, countries whose exports are highly concentrated are vulnerable to declining prices and volatility. Second, economic diversification matters for long-term growth. This book presents research undertaken to understand how better management of the revenues and opportunities associated with natural resources can accelerate diversification and structural change in Africa. It begins with chapters on managing the boom, the construction sector, and linking industry to the resource—three major issues that frame the question of how to use natural resources for structural change. It then reports the main research results for five countries—Ghana, Mozambique, Uganda, Tanzania, and Zambia. Each country study covers the same three themes—managing the boom, the construction sector, and linking industry to the resource. One message that clearly emerges is that good policy can make a difference. A concluding chapter sets out some ideas for policy change in each of the areas that guided the research, and then goes on to propose some ideas for widening the options for structural change.
    URI
    https://library.oapen.org/handle/20.500.12657/39885
    Keywords
    Africa; natural resources; oil; gas; mining; resource-abundant economies; economic diversification; structural change; long-term growth
    DOI
    10.1093/oso/9780198851172.001.0001
    Publisher
    Oxford University Press
    Publisher website
    https://global.oup.com/
    Publication date and place
    Oxford, 2020
    Grantor
    • UNU WIDER
    Classification
    Economics
    Development economics and emerging economies
    Energy industries and utilities
    Extractive industries
    Environmental economics
    Pages
    512
    Rights
    https://creativecommons.org/licenses/by-nc-sa/4.0/
    • Imported or submitted locally

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    License

    • If not noted otherwise all contents are available under Attribution 4.0 International (CC BY 4.0)

    Credits

    • logo EU
    • This project received funding from the European Union's Horizon 2020 research and innovation programme under grant agreement No 683680, 810640, 871069 and 964352.

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