Reducing natural resource dependency for economic growth in resource rich countries / Goran M. Muhamad.
Muhamad, Goran M.
2023
HD82
Available Online

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Title Reducing natural resource dependency for economic growth in resource rich countries / Goran M. Muhamad.
Author Muhamad, Goran M.
ISBN 9789819936403 (electronic bk.)
9819936403 (electronic bk.)
981993639X
9789819936397
DOI https://doi.org/10.1007/978-981-99-3640-3
Imprint Singapore : Springer, 2023.
Language English
Description 1 online resource (212 p.).
Other Standard Identifiers 10.1007/978-981-99-3640-3 doi
Call Number HD82
Dewey Decimal Classification 338.9
Summary This book examines the reduction of natural resource revenue dependency in resource-rich countries. Such countries experience lower economic growth due to factors of high volatility in commodity prices, reduction in accountability, undermining of the competitiveness of other economic sectors, and weak power of institutions. The analysis is based on an identified gap in the literature regarding how private sector development and public sector development affect the degree of dependency on resource revenue in natural resource-rich countries. This book studies the interaction between private and public sector development with dependency on natural resources, specifically exploring whether the two diversified factors lead to a decrease in the degree of dependency, which is important for economic growth and to overcome the "resource curse". Economic diversification is viewed as a long-term solution to the high economic dependency from natural resources. Private sector development and public sector reforms may lead to this diversification. The analysis of the book helps to shed light on private sector development, public services sector privatization, and a taxation system to diversify sources of income, with the objective to reduce dependency on natural resources extraction. This book is an invaluable read for public policymakers, the public and private sectors, law makers, and scholars of developmental studies.
Bibliography, etc. Note Includes bibliographical references.
Access Note Access limited to authorized users.
Source of Description Online resource; title from PDF title page (SpringerLink, viewed June 28, 2023).
Series Perspectives on Development in the Middle East and North Africa (MENA) Region.
Available in Other Form Reducing Natural Resource Dependency for Economic Growth in Resource Rich Countries
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Chapter One Overview of the Book
Chapter Two Economic Diversification to Reduce Natural Resource Dependency in the Literature
Chapter Three Methodology and Empirical specification
Chapter Four Data Presentation and Analysis
Chapter Five: Presentation of Results
Chapter Six Overall Summary, Hypotheses Tests and Policy Implications
Appendices.

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