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Asian-driven resource booms in Africa: Rethinking the impacts on development

Author

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  • Breisinger, Clemens
  • Thurlow, James

Abstract

"Today's resource boom in Africa, driven by Asian economic growth, offers new opportunities for resource-rich African countries. Contrary to the experience of previous booms, however, most mining profits now accrue to foreign companies, leaving little room for governments to use revenues for pro-poor investments or to mitigate adverse distributional impacts. Taking Zambia as a case study, this paper shows that despite privatization, Dutch disease remains a valid concern and may hamper economic diversification, worsen income distribution, and undermine poverty reduction strategies. Mining royalties must, therefore, be increased and used to finance growth-inducing investments that encourage pro-poor economic diversification, else many African countries will remain caught in a resource trap." from Author's Abstract

Suggested Citation

  • Breisinger, Clemens & Thurlow, James, 2008. "Asian-driven resource booms in Africa: Rethinking the impacts on development," IFPRI discussion papers 747, International Food Policy Research Institute (IFPRI).
    • Handle: RePEc:fpr:ifprid:747
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    Citations

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    Cited by:

    1. Joseph Marchand, 2015. "The distributional impacts of an energy boom in Western Canada," Canadian Journal of Economics, Canadian Economics Association, vol. 48(2), pages 714-735, May.
    2. Lee Robinson & Alice Nicole Sindzingre, 2012. "China’s Ambiguous Impacts on Commodity-Dependent Countries: the Example of Sub-Saharan Africa (with a Focus on Zambia)," EconomiX Working Papers 2012-39, University of Paris Nanterre, EconomiX.
    3. Thurlow, James & Zhu, Tingju & Diao, Xinshen, 2009. "The impact of climate variability and change on economic growth and poverty in Zambia:," IFPRI discussion papers 890, International Food Policy Research Institute (IFPRI).
    4. Lee Robinson & Alice Nicole Sindzingre, 2012. "China’s Ambiguous Impacts on Commodity-Dependent Countries: the Example of Sub-Saharan Africa (with a Focus on Zambia)," Working Papers hal-04141046, HAL.
    5. Howie, Peter & Atakhanova, Zauresh, 2014. "Resource boom and inequality: Kazakhstan as a case study," Resources Policy, Elsevier, vol. 39(C), pages 71-79.
    6. Murhula K., Pacifique & Achiza N., Alain, 2021. "Mining Boom, Economic Growth and Sustainable Development in Democratic Republic of the Congo," MPRA Paper 113330, University Library of Munich, Germany, revised 11 Jun 2022.

    More about this item

    Keywords

    Dutch disease; Resource booms; Privatization; Income distribution;
    All these keywords.

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