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Abstract

Many countries have failed to use natural resource wealth to promote growth and development. They have been damaged by the volatility of revenues and have failed to save a sufficiently high proportion of their resource revenues and failed to make high-return investments to support diversification of their economies. This review explores the reasons for these failures and discusses policies to improve performance.

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/content/journals/10.1146/annurev-economics-080511-111003
2012-09-26
2024-06-20
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  • Article Type: Review Article
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