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Fiscal Policy and the Natural Resources Curse

How to Escape from the Poverty Trap

Paul Mosley



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14 December 2018
Development studies; Development economics; Environmental economics; Public finance accounting
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.
By:   Paul Mosley
Imprint:   Routledge
Country of Publication:   United Kingdom
Dimensions:   Height: 234mm,  Width: 156mm, 
Weight:   454g
ISBN:   9780367110796
ISBN 10:   0367110792
Pages:   246
Publication Date:   14 December 2018
Audience:   College/higher education ,  Further / Higher Education ,  A / AS level
Format:   Paperback
Publisher's Status:   Active

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.

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