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

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dc.creatorBreisinger, Clemens
dc.creatorThurlow, James
dc.date2008
dc.date2024-11-21T09:57:50Z
dc.date2024-11-21T09:57:50Z
dc.date.accessioned2026-06-27T14:57:56Z
dc.descriptionToday'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.
dc.formatapplication/pdf
dc.identifierhttps://hdl.handle.net/10568/161744
dc.identifier.urihttp://hdl.handle.net/123456789/90698
dc.languageen
dc.publisherInternational Food Policy Research Institute
dc.rightsOpen Access
dc.sourceBreisinger, Clemens; Thurlow, James. 2008. Asian-driven resource booms in Africa. IFPRI Discussion Paper 747. https://hdl.handle.net/10568/161744
dc.subjectcurrencies
dc.subjecteconomic development
dc.subjectprice volatility
dc.subjectprivatization
dc.subjectincome distribution
dc.titleAsian-driven resource booms in Africa: Rethinking the impacts on development
dc.typeWorking Paper

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Instituto Internacional de Investigación sobre Políticas Alimentarias (IFPRI)