Download or read book Oil Wealth in Central Africa written by Mr.Bernardin Akitoby and published by International Monetary Fund. This book was released on 2012-08-16 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite its vast oil wealth, central Africa still struggles to sustain strong, inclusive economic growth and to generate sufficient employment opportunities, particularly for its fast-growing youth population. Drawing on new research, Oil Wealth in Central Africa lays out the macroeconomic and growth challenges facing the region; examines oil wealth management and its implications for poverty reduction; and includes four case studies that exemplify lessons learned.
Download or read book West African Oil Will it Matter written by David C. Underwood and published by . This book was released on 1983 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book West African Oil Will It Make a Difference written by and published by . This book was released on 1982 with total page 145 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis analyzes the commercial development of West Africa's petroleum resources and examines the implications of sudden 'oil wealth' for the region's political and economic development. Section one outlines the evolution of the petroleum industry and surveys the hydrocarbon potential of twenty nations along the coast from Senegal to Angola, and inland from Mali to the Central African Republic. An evaluation of the physical and political constraints on the development of the region's petroleum resources and an aggregate analysis of the area's potential for new oil reserves and production capacity are also presented. Finally, by drawing from the experiences of established oil producers line Nigeria, the economic and political implications of the widespread development of petroleum resources in West Africa are projected at the domestic and regional levels. Specifically, will newfound oil wealth help resolve existing problems, or will it magnify them? The study concludes that for most of these countries, oil wealth will be a mixed blessing. (Author).
Download or read book Oil Wealth and Economic Growth in Oil Exporting African Countries written by Olomola Philip Akanni and published by . This book was released on 2007 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Oil Wealth and Insurgency in Nigeria written by Omolade Adunbi and published by Indiana University Press. This book was released on 2015-07-29 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: Omolade Adunbi investigates the myths behind competing claims to oil wealth in Nigeria's Niger Delta. Looking at ownership of natural resources, oil extraction practices, government control over oil resources, and discourse about oil, Adunbi shows how symbolic claims have created an "oil citizenship." He explores the ways NGOs, militant groups, and community organizers invoke an ancestral promise to defend land disputes, justify disruptive actions, or organize against oil corporations. Policies to control the abundant resources have increased contestations over wealth, transformed the relationship of people to their environment, and produced unique forms of power, governance, and belonging.
Download or read book The Oil Curse written by Michael L. Ross and published by Princeton University Press. This book was released on 2013-09-08 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: Countries that are rich in petroleum have less democracy, less economic stability, and more frequent civil wars than countries without oil. What explains this oil curse? And can it be fixed? In this groundbreaking analysis, Michael L. Ross looks at how developing nations are shaped by their mineral wealth--and how they can turn oil from a curse into a blessing. Ross traces the oil curse to the upheaval of the 1970s, when oil prices soared and governments across the developing world seized control of their countries' oil industries. Before nationalization, the oil-rich countries looked much like the rest of the world; today, they are 50 percent more likely to be ruled by autocrats--and twice as likely to descend into civil war--than countries without oil. The Oil Curse shows why oil wealth typically creates less economic growth than it should; why it produces jobs for men but not women; and why it creates more problems in poor states than in rich ones. It also warns that the global thirst for petroleum is causing companies to drill in increasingly poor nations, which could further spread the oil curse. This landmark book explains why good geology often leads to bad governance, and how this can be changed.
Download or read book Political Economy of Regionalisation in Central Africa written by Chrysantus Ayangafac and published by . This book was released on 2008 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: An interesting phenomenon in the global political economy is that regional mechanisms have come to be considered the best policy response to globalisation and weak state capacity. As such, Regional Economic Communities (RECs) have been heralded as the building blocks of the African Peace and Security Architecture. However, while other regions of the continent have made laudable progress towards economic and political integration, Central Africa is facing a human security crisis and regional integration seems an unattainable chimera rather than a reality. Ironically, the region is well endowed with natural resources.
Download or read book Central African Economic and Monetary Community CEMAC written by and published by . This book was released on 2014 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: Regional growth weakened in 2013 due to a fall in oil production in most countries. GDP growth is expected to pick-up in 2014 due to the recovery of oil production and the continuation of the implementation of public investment plans in most of CEMAC countries. Despite large spending of oil wealth during the last years, poverty, income inequality and unemployment remain high. The business climate is one of the most challenging in Africa. The region's most pressing challenge is to implement structural reforms to promote sustainable and inclusive growth while adopting macro policies to preserve financial stability, ensure an efficient use of oil revenues and increase resilience to shocks.
Download or read book Central African Economic and Monetary Community CEMAC written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2014-08-26 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: Regional growth weakened in 2013 due to a fall in oil production in most countries. GDP growth is expected to pick-up in 2014 due to the recovery of oil production and the continuation of the implementation of public investment plans in most of CEMAC countries. Despite large spending of oil wealth during the last years, poverty, income inequality and unemployment remain high. The business climate is one of the most challenging in Africa. The region’s most pressing challenge is to implement structural reforms to promote sustainable and inclusive growth while adopting macro policies to preserve financial stability, ensure an efficient use of oil revenues and increase resilience to shocks.
Download or read book Central African Economic and Monetary Community written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-08-14 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the common policies adopted by the members of the Central African Economic and Monetary Community (CEMAC). The macroeconomic performance was good in 2011 with improved fiscal balances, public investment programs, and higher reserves. However, CEMAC is facing challenges from deep-seated structural problems, including uncoordinated fiscal policy, financial sector weaknesses, and obstacles to growth and competitiveness. The Executive Board recommends monetary policies for financial stability and suggest making monetary policies an efficient tool of macroeconomic management. Also, the Board recommends strengthening of governance of CEMAC’s common institutions.
Download or read book Introduction to Central African Republic written by Gilad James, PhD and published by Gilad James Mystery School. This book was released on with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Central African Republic (CAR) is a landlocked country in the heart of Africa. Its population of around 5 million inhabitants is one of the poorest in the world, despite the presence of valuable mineral resources such as diamonds, gold and uranium. CAR has a diverse ethnic makeup, with over 80 ethnic groups, each with its own language and traditions. One of the countryâs largest ethnic groups is the Bayaka, who are traditionally hunter-gatherers, while the Bantu peoples are the largest group in terms of population. CAR has experienced significant political instability since its independence from France in 1960. The country has been plagued by coups, rebellions, and armed conflicts, which have severely impacted the countryâs economic and social development. The two most recent crises took place in 2013 and 2020, with the former leading to a period of sectarian violence and displacement, and the latter leading to the overthrow of the incumbent president, Faustin-Archange Touadéra, by a coalition of rebel groups. Despite the countryâs challenges, efforts are underway to stabilize the political situation and to address the humanitarian needs of the population.
Download or read book Oil Democracy and Development in Africa written by John R. Heilbrunn and published by Cambridge University Press. This book was released on 2014-04-21 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the history, key industry and policy actors, and political economic outcomes in oil-producing African states, filling a gap in the literature on resource-abundant countries by providing an optimistic assessment of circumstances in contemporary Africa.
Download or read book Challenges of Growth and Globalization in the Middle East and North Africa written by Mr.Hamid R Davoodi and published by International Monetary Fund. This book was released on 2003-09-05 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Middle East and North Africa (MENA) is an economically diverse region. Despite undertaking economic reforms in many countries, and having considerable success in avoiding crises and achieving macroeconomic stability, the region’s economic performance in the past 30 years has been below potential. This paper takes stock of the region’s relatively weak performance, explores the reasons for this out come, and proposes an agenda for urgent reforms.
Download or read book Africa Environment Outlook 2 written by United Nations and published by UNEP/Earthprint. This book was released on 2006 with total page 576 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the second comprehensive report on the state of Africa's environment, produced in collaboration with the African Ministerial Conference on the Environment (AMCEN). This report highlights the central position Africa's environment continues to play in sustainable development, as well as its potential to achieve progress in the implementation of the Millennium Development Goals. The report profiles Africa's environmental resources as an asset for the continent's development. It highlights the opportunities presented by the region's natural resource base to support the continent's development. It also underscores the concept of sustainable livelihoods, and the importance of the environmental initiatives in supporting them.
Download or read book Oil to Cash written by Todd Moss and published by CGD Books. This book was released on 2015-06-10 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: Oil to Cash explores one option to help countries with new oil revenue avoid the so-called resource curse: just give the money directly to citizens. A universal, transparent, and regular cash transfer would not only provide a concrete benefit to regular people, but would also create powerful incentives for citizens to hold their government accountable. Oil to Cash details how and where this idea could work and how policymakers can learn from the experiences with cash transfers in places like Mexico, Mongolia, and Alaska.
Download or read book Publications Catalog Fall 2014 written by International Monetary Fund and published by International Monetary Fund. This book was released on 2014-09-25 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents an overview of the book Collapse and Revival: Understanding Global Recessions and Recoveries that tracks the global business cycle through the destruction of a global recession to the renewal of recovery, drawing on four major episodes during the past half century. This book defines the terms of global recessions and recoveries; documents their main features; describes the events that take place around these episodes; puts the latest global recession and ongoing recovery in perspective; and analyzes the interactions between fluctuations in the global growth and national growth over the different phases of the global cycle.
Download or read book Current Account Norms in Natural Resource Rich and Capital Scarce Economies written by Juliana Dutra Araujo and published by International Monetary Fund. This book was released on 2013-03-27 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: The permanent income hypothesis implies that frictionless open economies with exhaustible natural resources should save abroad most of their resource windfalls and, therefore, feature current account surpluses. Resource-rich developing countries (RRDCs), on the other hand, face substantial development needs and tight external borrowing constraints. By relaxing these constraints and providing a key financing source for public investment in RRDCs, temporary resource revenues might then be associated with current account deficits, or at least low surpluses. This paper develops a neoclassical model with private and public investment and several frictions that capture pervasive features in RRDCs, including absorptive capacity constraints, inefficiencies in investment, and borrowing constraints that can be relaxed when natural resources lower the country risk premium. The model is used to study the role of investment and these frictions in shaping the current account dynamics under windfalls. Since consumption and investment decisions are optimal, the model also serves to provide current account benchmarks (norms). We apply the model to the Economic and Monetary Community of Central Africa and discuss how our results can be used to inform the current account norm analysis pursued at the International Monetary Fund.
