Rowing Against the Current: The Diversification Challenge in Africa’s Resource-Rich Economies
January 9, 2009 Editor 0
For a growing number of countries in Africa the current commodity boom is a huge opportunity. But if the economic history of resource-rich, poor countries—especially in Africa—is any guide, rather than bringing prosperity, the resource boom may drive them into what Paul Collier (2007) in his influential book The Bottom Billion terms the “Natural Resources Trap.” In Africa, countries dependent on oil, gas, and mining have tended to have weaker long-run growth, higher rates of poverty, and higher inequality than non mineral-dependent economies at similar levels of income.
Source: BROOKINGS 1775 Massachusetts Ave, NW, Washington, DC
- Innovation Africa: enriching farmers’ livelihoods
- The dynamics of resource-based economic development: evidence from Australia and Norway
- Global Ideas News Brief: Big data for climate resilience + Costs of sanitation
- Global Ideas News Brief: The 5 stages of innovation at scale
- The Risks of Innovation in Health Care.
- Forget Poverty – Let’s Talk About Business
Subscribe to our stories
- A regional enterprise to commercialize an integrated technology for waste water treatment and biowaste conversion in eastern Africa May 27, 2018
- Dr Peggy Oti-Boateng May 27, 2018
- Three years in a row: Mauritania continues to excel in its Doing Business performance May 27, 2018
- Africa RISING farming technologies reach 60,000 households in Ethiopia May 27, 2018
- 7 questions to ask before you launch an enterprise blockchain project May 27, 2018