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Reducing Natural Resource Dependency for Economic Growth in Resource Rich Countries

Reducing Natural Resource Dependency for Economic Growth in Resource Rich Countries

Hardcover

Series: Perspectives on Development in the Middle East and North Afr

Business GeneralEconomics

ISBN10: 981993639X
ISBN13: 9789819936397
Publisher: Springer
Published: Jun 20 2023
Pages: 198
Weight: 1.08
Height: 0.56 Width: 6.14 Depth: 9.21
Language: English

This book examines the reduction of natural resource revenue dependency in resource-rich countries. Such countries experience lower economic growth due to factors of high volatility in commodity prices, reduction in accountability, undermining of the competitiveness of other economic sectors, and weak power of institutions. The analysis is based on an identified gap in the literature regarding how private sector development and public sector development affect the degree of dependency on resource revenue in natural resource-rich countries.

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Economics