Rents to Riches? The Political Economy of Natural Resource-led Development
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World Bank
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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.
Palabras clave
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