Rents to Riches? The Political
Economy of Natural Resource-led Development

Rents to Riches? The Political Economy of Natural Resource-led Development

This volume emphasizes instead the notion of 'good fit,' taking the position that welfare-promoting policies, institutions, and governance must be tailored, at least in part, to a country's specific context. In this vein, the volume...

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Bibliographic Details
Main Authors:	Barma, Naazneen H., Kaiser, Kai, Le, Tuan Minh, Vinuela, Lorena
Format:	Publication
Language:	English
Published:	World Bank 2012
Subjects:	ALLOCATION ASSETS BENCHMARKS BENEFICIARIES BROKERS BUSINESS ENVIRONMENT CADASTRE CAPACITY BUILDING CAPITAL STOCK CHECKS CHECKS AND BALANCES CLIENT COUNTRIES COAL COMMODITY COMMODITY PRICE COMMODITY PRICES COPYRIGHT CLEARANCE COPYRIGHT CLEARANCE CENTER CORPORATE SOCIAL RESPONSIBILITY CREDIBILITY CURRENCY DEBT DEBT RELIEF DEBTS DECENTRALIZATION DECISION MAKING DEMOCRATIC ACCOUNTABILITY DEPOSITS DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING ECONOMIES DEVELOPMENT AGENCIES DEVELOPMENT ASSISTANCE DEVELOPMENT BANK DEVELOPMENT POLICIES DEVELOPMENT STRATEGIES ECONOMIC ACTIVITY ECONOMIC OUTCOMES ECONOMIC RISKS ECONOMIC STRUCTURES ECONOMICS EMERGING ECONOMIES EMPIRICAL EVIDENCE EMPIRICAL RESEARCH ENVIRONMENTAL ENVIRONMENTS EQUILIBRIUM EXPENDITURE EXPENDITURES EXPLOITATION EXPORT SHARE EXPORTS FACTORS OF PRODUCTION FINANCE CORPORATION FINANCIAL FLOWS FINANCIAL MANAGEMENT FINANCIAL RETURNS FINANCIAL SAVINGS FISCAL POLICIES FISCAL POLICY FISH FOREIGN DIRECT INVESTMENT FORESTRY GDP GLOBAL INVESTMENTS GLOBAL MARKET GOVERNANCE INDICATORS GOVERNMENT POLICY GOVERNMENT REVENUES GOVERNMENT SAVING GROSS DOMESTIC PRODUCT GROSS VALUE HISTORICAL CONTEXT HUMAN RIGHTS INCENTIVES TO INVESTORS INCOME LEVEL INFORMATION ASYMMETRIES INFORMATION ASYMMETRY INFORMATION SYSTEMS INFRASTRUCTURE DEVELOPMENT INSTITUTION BUILDING INSTITUTIONAL CAPACITY INSTITUTIONAL CONSTRAINTS INSTITUTIONAL DEVELOPMENT INSTITUTIONAL ENVIRONMENT INSTITUTIONAL ENVIRONMENTS INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INTERNATIONAL POLITICAL ECONOMY INVESTING INVESTMENT MANAGEMENT INVESTMENT PROJECTS INVESTMENT SPENDING INVESTOR UNCERTAINTY LACK OF TRANSPARENCY LOCAL ECONOMIES LONG-TERM INTEREST LOTTERY LOW-INCOME COUNTRIES METALS MIDDLE-INCOME COUNTRIES MINES MODEL CONTRACT MONETARY FUND NATIONAL INCOME NATIONAL SECURITY NATIONALISM NATURAL RESOURCE NATURAL RESOURCES NORMAL PROFITS OIL OPEC OWNERSHIP STRUCTURES PERMANENT INCOME PERMANENT INCOME HYPOTHESIS PHYSICAL ASSETS PIH PLEDGES POLICY DECISIONS POLICY MAKERS POLITICAL ECONOMIES POLITICAL ECONOMY POLITICAL ECONOMY OF DEVELOPMENT POLITICAL REGIME POLITICAL UPHEAVALS PORTFOLIO PRESENT VALUE PRICE FLUCTUATIONS PRICE TAKERS PRICE VOLATILITY PRIVATE CONSUMPTION PRODUCERS PROPERTY RIGHTS PUBLIC ASSETS PUBLIC FINANCE PUBLIC GOOD PUBLIC GOODS PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC POLICY PUBLIC SECTOR PUBLIC SPENDING REGULATORY FRAMEWORK REMOTE AREAS RENEWABLE RESOURCES REPUBLIC RESERVES RESOURCE MANAGEMENT RESOURCE OWNERSHIP RESOURCE USE RISK PREMIUM SAVINGS SIDE PAYMENTS SOCIAL CAPITAL SOCIAL SCIENCE STREAMS SUSTAINABLE DEVELOPMENT TAX TAX INCENTIVES TAX POLICIES TAX POLICY TAX RATE TAX REGIMES TAXATION TECHNICAL ASSISTANCE THEORETICAL MODELS TOTAL REVENUE TRANSPARENCY TRANSPARENCY INITIATIVE VALUATION WEALTH WEALTH OF NATIONS
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20111208233949 http://hdl.handle.net/10986/2381

Description
Summary:	This volume emphasizes instead the notion of 'good fit,' taking the position that welfare-promoting policies, institutions, and governance must be tailored, at least in part, to a country's specific context. In this vein, the volume presents an analytical framework for assessing a country's political economy and institutional environment as it relates to natural resource management and, on that basis, it offers a substantial set of targeted prescriptions across the natural resource value chain that are technically sound and compatible with the identified underlying incentives. In other words, the objective of this book is to help development practitioners unravel the political economy dynamics surrounding natural resource management in order to complement their technically grounded engagement. To this end, the analytical approach has been two-pronged. First, case studies were conducted on the political economy of the hydrocarbon and mineral value chains in 13 countries in the Africa, East Asia and Pacific, and Latin America and the Caribbean regions. Second, in light of this empirical material, the book highlights the current frontier of applied political economy analysis on resource dependence. This volume synthesizes the empirical and the theoretical with an emphasis on illuminating the implications for operational engagement in resource-dependent settings.

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