Addressing the Natural Resource Curse

Addressing the Natural Resource Curse PDF

Author: Mr.Arvind Subramanian

Publisher: International Monetary Fund

Published: 2003-07-01

Total Pages: 47

ISBN-13: 1451856067

DOWNLOAD EBOOK →

Some natural resources-oil and minerals in particular-exert a negative and nonlinear impact on growth via their deleterious impact on institutional quality. We show this result to be very robust. The Nigerian experience provides telling confirmation of this aspect of natural resources. Waste and poor institutional quality stemming from oil appear to have been primarily responsible for Nigeria's poor long-run economic performance. We propose a solution for addressing this resource curse which involves directly distributing the oil revenues to the public. Even with all the difficulties that will no doubt plague its actual implementation, our proposal will, at the least, be vastly superior to the status quo. At best, however, it could fundamentally improve the quality of public institutions and, as a result, durably raise long-run growth performance.

The Nigerian Rice Economy

The Nigerian Rice Economy PDF

Author: Kwabena Gyimah-Brempong

Publisher: University of Pennsylvania Press

Published: 2016-08-10

Total Pages: 321

ISBN-13: 0812293754

DOWNLOAD EBOOK →

In The Nigerian Rice Economy the authors assess three options for reducing this dependency - tariffs and other trade policies; increasing domestic rice production; and improving post-harvest rice processing and marketing - and identify improved production and post-harvest activities as the most promising. These options however, will require substantially increased public investments in a variety of areas, including research and development, basic infrastructure (for example, irrigation, feeder roads, and electricity), and rice milling technologies.

Foreign Trade Barriers

Foreign Trade Barriers PDF

Author: United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Commerce, Consumer Protection, and Competitiveness

Publisher:

Published: 1990

Total Pages: 120

ISBN-13:

DOWNLOAD EBOOK →

Enclaves of Exception

Enclaves of Exception PDF

Author: Omolade Adunbi

Publisher: Indiana University Press

Published: 2022-05-10

Total Pages: 252

ISBN-13: 0253059569

DOWNLOAD EBOOK →

How do we measure and truly grasp the sweeping social and environmental effects of an oil-based economy? Focusing on the special economic zones resulting from China's trading partnership with Nigeria, Enclaves of Exception offers a new approach to exploring the relationship between oil and technologies of extraction and their interrelatedness to local livelihoods and environmental practices. In this groundbreaking work, Omolade Adunbi argues that even though the exploitation of oil resources is dominated by big corporations, it establishes opportunities for many former Nigerian insurgents and their local communities to contest the ownership of such resources in the oil-rich Niger Delta and to extract oil themselves and sell it. Based on extensive ethnographic fieldwork, Enclaves of Exception makes clear that, although both the free trade zones and the now booming local artisanal refineries share the goals of profit-making and are enthusiastically supported by those benefiting from them economically, they have yielded dramatically the same environmental outcome for communities around them that included pollution with precarious effects on the health of the populations in the regions, and displacement of population from their livelihood practices.

Economic Diversification in Nigeria

Economic Diversification in Nigeria PDF

Author: Zainab Usman

Publisher: Zed Books

Published: 2023-12-28

Total Pages: 0

ISBN-13: 1786993953

DOWNLOAD EBOOK →

Nigeria has for long been regarded as the poster child for the 'curse' of oil wealth. Yet despite this, Nigeria achieved strong economic growth for over a decade in the 21st century, driven largely by policy reforms in non-oil sectors. This open access book argues that Nigeria's major development challenge is not the 'oil curse', but rather one of achieving economic diversification beyond oil, subsistence agriculture, informal activities, and across its subnational entities. Through analysis drawing on economic data, policy documents, and interviews, Usman argues that Nigeria's challenge of economic diversification is situated within the political setting of an unstable distribution of power among individual, group, and institutional actors. Since the turn of the century, policymaking by successive Nigerian governments has, despite superficial partisan differences, been oriented towards short-term crisis management of macroeconomic stabilization, restoring growth and selective public sector reforms. To diversify Nigeria's economy, this book argues that successive governments must reorient towards a consistent focus on pro-productivity and pro-poor policies, alongside comprehensive civil service and security sector overhaul. These policy priorities, Nigeria's ruling elites are belatedly acknowledging, are crucial to achieving economic transformation; a policy shift that requires a confrontation with the roots of perpetual political crisis, and an attempt to stabilize the balance of power towards equity and inclusion. The eBook editions of this book are available open access under a CC BY-NC-ND 4.0 licence on bloomsburycollections.com. Open access was funded by The Carnegie Endowment for International Peace.

Nigeria's Criminal Crude

Nigeria's Criminal Crude PDF

Author: Christina Katsouris

Publisher: Chatham House (Formerly Riia)

Published: 2015-07-30

Total Pages: 0

ISBN-13: 9781862032958

DOWNLOAD EBOOK →

Nigerian crude oil is being stolen on an industrial scale. Some proceeds are laundered through world financial centers, polluting markets and financial institutions overseas. This report explores what the international community could do about it.