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

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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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    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. 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).
    3. Howie, Peter & Atakhanova, Zauresh, 2014. "Resource boom and inequality: Kazakhstan as a case study," Resources Policy, Elsevier, vol. 39(C), pages 71-79.
    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)," EconomiX Working Papers 2012-39, University of Paris Nanterre, EconomiX.

    More about this item

    Keywords

    Dutch disease; Resource booms; Privatization; Income distribution;

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