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Fiscal Policy and the Natural Resources Curse: How to Escape from the Poverty Trap (Routledge Studies in Development Economics)

Penned By Paul Mosley
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79,137 Global Ratings
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Fiscal Policy and the Natural Resources Curse: How to Escape from the Poverty Trap (Routledge Studies in Development Economics)

Penned By Paul Mosley
4.85 79,137 Ratings
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Editor's Note:
It is widely accepted that natural resource wealth, especially in the form of oil and minerals, can be a key factor in inhibiting economic development. Many of the countries that are richest in natural resources including oil, metals and diamonds are amongst the world s poorest. Why? Fiscal Policy and the Natural Resources Curse re-examines this ancient, unsolved puzzle, asking why many governments of natural resource-intensive countries are incapable, in a globalised world, of dealing with the natural-resource curse. This book offers a detailed analysis of the power-relationships which underpin the natural resource curse, using both statistical analysis and country case-studies from Africa and Latin America to pinpoint the strategies that have enable developing countries to break out of the poverty trap. The book differs from other works on this subject, as it not only identifies the issues at stake but also offers solutions in the form of a series of suggested policy measures. The work focusses in particular on fiscal escape routes, namely measures to develop and diversify the tax system, and to reallocate and target public expenditure.This volume will be of great interest to scholars of economic development, the economics of natural resources and economic growth as well as all those with an interest in development, global politics, and anti-poverty policies."

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Paul Mosley
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Paul Mosley

Paul Mosley is a writer and avid reader based in the Pacific Northwest. Before pursuing writing full-time, they spent over a decade working in education. When not working on their next book, Paul Mosley can usually be found hiking with their dog or trying out new coffee shops in their neighborhood.

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Brian Sanchez
Brian Sanchez April 21, 2025
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"Such a rich narrative. I adored how the story unfolded. It kept me captivated without sacrificing elegance. An absolute must-read for connoisseurs of the genre."
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Jacob Wilson
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"Took a moment to build, but the payoff was spectacular. A brilliant concept executed with flair. Just a few pacing choices I would change. A wonderful companion for a quiet weekend."
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William Allen
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"Exceeded all my expectations. I adored how the story unfolded. It kept me captivated without sacrificing elegance. Worth every moment spent reading."
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Elizabeth Wilson
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Gary Baker
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George Green
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"I thoroughly enjoyed the elegance of it. It held my rapt attention, even when certain twists were telegraphed. Quite impressive overall."
Margaret Allen
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"I was completely blown away. The pacing was impeccable and the characters felt incredibly authentic. I was completely immersed. I will undoubtedly revisit this masterpiece."
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