Rents to Riches? The Political Economy of Natural Resource-led Development

This volume emphasizes instead the notion of 'good fit,' taking the position that welfare-promoting policies, institutions, and governance must be tailored, at least in part, to a country's specific context. In this vein, the volume...

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Main Authors: Barma, Naazneen H., Kaiser, Kai, Le, Tuan Minh, Vinuela, Lorena
Format: Publication
Language:English
Published: World Bank 2012
Subjects:
GDP
OIL
PIH
TAX
Online Access:http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20111208233949
http://hdl.handle.net/10986/2381
id okr-10986-2381
recordtype oai_dc
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic ALLOCATION
ASSETS
BENCHMARKS
BENEFICIARIES
BROKERS
BUSINESS ENVIRONMENT
CADASTRE
CAPACITY BUILDING
CAPITAL STOCK
CHECKS
CHECKS AND BALANCES
CLIENT COUNTRIES
COAL
COMMODITY
COMMODITY PRICE
COMMODITY PRICES
COPYRIGHT CLEARANCE
COPYRIGHT CLEARANCE CENTER
CORPORATE SOCIAL RESPONSIBILITY
CREDIBILITY
CURRENCY
DEBT
DEBT RELIEF
DEBTS
DECENTRALIZATION
DECISION MAKING
DEMOCRATIC ACCOUNTABILITY
DEPOSITS
DEVELOPING COUNTRIES
DEVELOPING COUNTRY
DEVELOPING ECONOMIES
DEVELOPMENT AGENCIES
DEVELOPMENT ASSISTANCE
DEVELOPMENT BANK
DEVELOPMENT POLICIES
DEVELOPMENT STRATEGIES
ECONOMIC ACTIVITY
ECONOMIC OUTCOMES
ECONOMIC RISKS
ECONOMIC STRUCTURES
ECONOMICS
EMERGING ECONOMIES
EMPIRICAL EVIDENCE
EMPIRICAL RESEARCH
ENVIRONMENTAL
ENVIRONMENTS
EQUILIBRIUM
EXPENDITURE
EXPENDITURES
EXPLOITATION
EXPORT SHARE
EXPORTS
FACTORS OF PRODUCTION
FINANCE CORPORATION
FINANCIAL FLOWS
FINANCIAL MANAGEMENT
FINANCIAL RETURNS
FINANCIAL SAVINGS
FISCAL POLICIES
FISCAL POLICY
FISH
FOREIGN DIRECT INVESTMENT
FORESTRY
GDP
GLOBAL INVESTMENTS
GLOBAL MARKET
GOVERNANCE INDICATORS
GOVERNMENT POLICY
GOVERNMENT REVENUES
GOVERNMENT SAVING
GROSS DOMESTIC PRODUCT
GROSS VALUE
HISTORICAL CONTEXT
HUMAN RIGHTS
INCENTIVES TO INVESTORS
INCOME LEVEL
INFORMATION ASYMMETRIES
INFORMATION ASYMMETRY
INFORMATION SYSTEMS
INFRASTRUCTURE DEVELOPMENT
INSTITUTION BUILDING
INSTITUTIONAL CAPACITY
INSTITUTIONAL CONSTRAINTS
INSTITUTIONAL DEVELOPMENT
INSTITUTIONAL ENVIRONMENT
INSTITUTIONAL ENVIRONMENTS
INTERNATIONAL BANK
INTERNATIONAL DEVELOPMENT
INTERNATIONAL FINANCE
INTERNATIONAL POLITICAL ECONOMY
INVESTING
INVESTMENT MANAGEMENT
INVESTMENT PROJECTS
INVESTMENT SPENDING
INVESTOR UNCERTAINTY
LACK OF TRANSPARENCY
LOCAL ECONOMIES
LONG-TERM INTEREST
LOTTERY
LOW-INCOME COUNTRIES
METALS
MIDDLE-INCOME COUNTRIES
MINES
MODEL CONTRACT
MONETARY FUND
NATIONAL INCOME
NATIONAL SECURITY
NATIONALISM
NATURAL RESOURCE
NATURAL RESOURCES
NORMAL PROFITS
OIL
OPEC
OWNERSHIP STRUCTURES
PERMANENT INCOME
PERMANENT INCOME HYPOTHESIS
PHYSICAL ASSETS
PIH
PLEDGES
POLICY DECISIONS
POLICY MAKERS
POLITICAL ECONOMIES
POLITICAL ECONOMY
POLITICAL ECONOMY OF DEVELOPMENT
POLITICAL REGIME
POLITICAL UPHEAVALS
PORTFOLIO
PRESENT VALUE
PRICE FLUCTUATIONS
PRICE TAKERS
PRICE VOLATILITY
PRIVATE CONSUMPTION
PRODUCERS
PROPERTY RIGHTS
PUBLIC ASSETS
PUBLIC FINANCE
PUBLIC GOOD
PUBLIC GOODS
PUBLIC INVESTMENT
PUBLIC INVESTMENTS
PUBLIC POLICY
PUBLIC SECTOR
PUBLIC SPENDING
REGULATORY FRAMEWORK
REMOTE AREAS
RENEWABLE RESOURCES
REPUBLIC
RESERVES
RESOURCE MANAGEMENT
RESOURCE OWNERSHIP
RESOURCE USE
RISK PREMIUM
SAVINGS
SIDE PAYMENTS
SOCIAL CAPITAL
SOCIAL SCIENCE
STREAMS
SUSTAINABLE DEVELOPMENT
TAX
TAX INCENTIVES
TAX POLICIES
TAX POLICY
TAX RATE
TAX REGIMES
TAXATION
TECHNICAL ASSISTANCE
THEORETICAL MODELS
TOTAL REVENUE
TRANSPARENCY
TRANSPARENCY INITIATIVE
VALUATION
WEALTH
WEALTH OF NATIONS
spellingShingle ALLOCATION
ASSETS
BENCHMARKS
BENEFICIARIES
BROKERS
BUSINESS ENVIRONMENT
CADASTRE
CAPACITY BUILDING
CAPITAL STOCK
CHECKS
CHECKS AND BALANCES
CLIENT COUNTRIES
COAL
COMMODITY
COMMODITY PRICE
COMMODITY PRICES
COPYRIGHT CLEARANCE
COPYRIGHT CLEARANCE CENTER
CORPORATE SOCIAL RESPONSIBILITY
CREDIBILITY
CURRENCY
DEBT
DEBT RELIEF
DEBTS
DECENTRALIZATION
DECISION MAKING
DEMOCRATIC ACCOUNTABILITY
DEPOSITS
DEVELOPING COUNTRIES
DEVELOPING COUNTRY
DEVELOPING ECONOMIES
DEVELOPMENT AGENCIES
DEVELOPMENT ASSISTANCE
DEVELOPMENT BANK
DEVELOPMENT POLICIES
DEVELOPMENT STRATEGIES
ECONOMIC ACTIVITY
ECONOMIC OUTCOMES
ECONOMIC RISKS
ECONOMIC STRUCTURES
ECONOMICS
EMERGING ECONOMIES
EMPIRICAL EVIDENCE
EMPIRICAL RESEARCH
ENVIRONMENTAL
ENVIRONMENTS
EQUILIBRIUM
EXPENDITURE
EXPENDITURES
EXPLOITATION
EXPORT SHARE
EXPORTS
FACTORS OF PRODUCTION
FINANCE CORPORATION
FINANCIAL FLOWS
FINANCIAL MANAGEMENT
FINANCIAL RETURNS
FINANCIAL SAVINGS
FISCAL POLICIES
FISCAL POLICY
FISH
FOREIGN DIRECT INVESTMENT
FORESTRY
GDP
GLOBAL INVESTMENTS
GLOBAL MARKET
GOVERNANCE INDICATORS
GOVERNMENT POLICY
GOVERNMENT REVENUES
GOVERNMENT SAVING
GROSS DOMESTIC PRODUCT
GROSS VALUE
HISTORICAL CONTEXT
HUMAN RIGHTS
INCENTIVES TO INVESTORS
INCOME LEVEL
INFORMATION ASYMMETRIES
INFORMATION ASYMMETRY
INFORMATION SYSTEMS
INFRASTRUCTURE DEVELOPMENT
INSTITUTION BUILDING
INSTITUTIONAL CAPACITY
INSTITUTIONAL CONSTRAINTS
INSTITUTIONAL DEVELOPMENT
INSTITUTIONAL ENVIRONMENT
INSTITUTIONAL ENVIRONMENTS
INTERNATIONAL BANK
INTERNATIONAL DEVELOPMENT
INTERNATIONAL FINANCE
INTERNATIONAL POLITICAL ECONOMY
INVESTING
INVESTMENT MANAGEMENT
INVESTMENT PROJECTS
INVESTMENT SPENDING
INVESTOR UNCERTAINTY
LACK OF TRANSPARENCY
LOCAL ECONOMIES
LONG-TERM INTEREST
LOTTERY
LOW-INCOME COUNTRIES
METALS
MIDDLE-INCOME COUNTRIES
MINES
MODEL CONTRACT
MONETARY FUND
NATIONAL INCOME
NATIONAL SECURITY
NATIONALISM
NATURAL RESOURCE
NATURAL RESOURCES
NORMAL PROFITS
OIL
OPEC
OWNERSHIP STRUCTURES
PERMANENT INCOME
PERMANENT INCOME HYPOTHESIS
PHYSICAL ASSETS
PIH
PLEDGES
POLICY DECISIONS
POLICY MAKERS
POLITICAL ECONOMIES
POLITICAL ECONOMY
POLITICAL ECONOMY OF DEVELOPMENT
POLITICAL REGIME
POLITICAL UPHEAVALS
PORTFOLIO
PRESENT VALUE
PRICE FLUCTUATIONS
PRICE TAKERS
PRICE VOLATILITY
PRIVATE CONSUMPTION
PRODUCERS
PROPERTY RIGHTS
PUBLIC ASSETS
PUBLIC FINANCE
PUBLIC GOOD
PUBLIC GOODS
PUBLIC INVESTMENT
PUBLIC INVESTMENTS
PUBLIC POLICY
PUBLIC SECTOR
PUBLIC SPENDING
REGULATORY FRAMEWORK
REMOTE AREAS
RENEWABLE RESOURCES
REPUBLIC
RESERVES
RESOURCE MANAGEMENT
RESOURCE OWNERSHIP
RESOURCE USE
RISK PREMIUM
SAVINGS
SIDE PAYMENTS
SOCIAL CAPITAL
SOCIAL SCIENCE
STREAMS
SUSTAINABLE DEVELOPMENT
TAX
TAX INCENTIVES
TAX POLICIES
TAX POLICY
TAX RATE
TAX REGIMES
TAXATION
TECHNICAL ASSISTANCE
THEORETICAL MODELS
TOTAL REVENUE
TRANSPARENCY
TRANSPARENCY INITIATIVE
VALUATION
WEALTH
WEALTH OF NATIONS
Barma, Naazneen H.
Kaiser, Kai
Le, Tuan Minh
Vinuela, Lorena
Rents to Riches? The Political Economy of Natural Resource-led Development
description This volume emphasizes instead the notion of 'good fit,' taking the position that welfare-promoting policies, institutions, and governance must be tailored, at least in part, to a country's specific context. In this vein, the volume presents an analytical framework for assessing a country's political economy and institutional environment as it relates to natural resource management and, on that basis, it offers a substantial set of targeted prescriptions across the natural resource value chain that are technically sound and compatible with the identified underlying incentives. In other words, the objective of this book is to help development practitioners unravel the political economy dynamics surrounding natural resource management in order to complement their technically grounded engagement. To this end, the analytical approach has been two-pronged. First, case studies were conducted on the political economy of the hydrocarbon and mineral value chains in 13 countries in the Africa, East Asia and Pacific, and Latin America and the Caribbean regions. Second, in light of this empirical material, the book highlights the current frontier of applied political economy analysis on resource dependence. This volume synthesizes the empirical and the theoretical with an emphasis on illuminating the implications for operational engagement in resource-dependent settings.
format Publications & Research :: Publication
author Barma, Naazneen H.
Kaiser, Kai
Le, Tuan Minh
Vinuela, Lorena
author_facet Barma, Naazneen H.
Kaiser, Kai
Le, Tuan Minh
Vinuela, Lorena
author_sort Barma, Naazneen H.
title Rents to Riches? The Political Economy of Natural Resource-led Development
title_short Rents to Riches? The Political Economy of Natural Resource-led Development
title_full Rents to Riches? The Political Economy of Natural Resource-led Development
title_fullStr Rents to Riches? The Political Economy of Natural Resource-led Development
title_full_unstemmed Rents to Riches? The Political Economy of Natural Resource-led Development
title_sort rents to riches? the political economy of natural resource-led development
publisher World Bank
publishDate 2012
url http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20111208233949
http://hdl.handle.net/10986/2381
_version_ 1764385351501086720
spelling okr-10986-23812021-04-23T14:02:01Z Rents to Riches? The Political Economy of Natural Resource-led Development Barma, Naazneen H. Kaiser, Kai Le, Tuan Minh Vinuela, Lorena ALLOCATION ASSETS BENCHMARKS BENEFICIARIES BROKERS BUSINESS ENVIRONMENT CADASTRE CAPACITY BUILDING CAPITAL STOCK CHECKS CHECKS AND BALANCES CLIENT COUNTRIES COAL COMMODITY COMMODITY PRICE COMMODITY PRICES COPYRIGHT CLEARANCE COPYRIGHT CLEARANCE CENTER CORPORATE SOCIAL RESPONSIBILITY CREDIBILITY CURRENCY DEBT DEBT RELIEF DEBTS DECENTRALIZATION DECISION MAKING DEMOCRATIC ACCOUNTABILITY DEPOSITS DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING ECONOMIES DEVELOPMENT AGENCIES DEVELOPMENT ASSISTANCE DEVELOPMENT BANK DEVELOPMENT POLICIES DEVELOPMENT STRATEGIES ECONOMIC ACTIVITY ECONOMIC OUTCOMES ECONOMIC RISKS ECONOMIC STRUCTURES ECONOMICS EMERGING ECONOMIES EMPIRICAL EVIDENCE EMPIRICAL RESEARCH ENVIRONMENTAL ENVIRONMENTS EQUILIBRIUM EXPENDITURE EXPENDITURES EXPLOITATION EXPORT SHARE EXPORTS FACTORS OF PRODUCTION FINANCE CORPORATION FINANCIAL FLOWS FINANCIAL MANAGEMENT FINANCIAL RETURNS FINANCIAL SAVINGS FISCAL POLICIES FISCAL POLICY FISH FOREIGN DIRECT INVESTMENT FORESTRY GDP GLOBAL INVESTMENTS GLOBAL MARKET GOVERNANCE INDICATORS GOVERNMENT POLICY GOVERNMENT REVENUES GOVERNMENT SAVING GROSS DOMESTIC PRODUCT GROSS VALUE HISTORICAL CONTEXT HUMAN RIGHTS INCENTIVES TO INVESTORS INCOME LEVEL INFORMATION ASYMMETRIES INFORMATION ASYMMETRY INFORMATION SYSTEMS INFRASTRUCTURE DEVELOPMENT INSTITUTION BUILDING INSTITUTIONAL CAPACITY INSTITUTIONAL CONSTRAINTS INSTITUTIONAL DEVELOPMENT INSTITUTIONAL ENVIRONMENT INSTITUTIONAL ENVIRONMENTS INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INTERNATIONAL POLITICAL ECONOMY INVESTING INVESTMENT MANAGEMENT INVESTMENT PROJECTS INVESTMENT SPENDING INVESTOR UNCERTAINTY LACK OF TRANSPARENCY LOCAL ECONOMIES LONG-TERM INTEREST LOTTERY LOW-INCOME COUNTRIES METALS MIDDLE-INCOME COUNTRIES MINES MODEL CONTRACT MONETARY FUND NATIONAL INCOME NATIONAL SECURITY NATIONALISM NATURAL RESOURCE NATURAL RESOURCES NORMAL PROFITS OIL OPEC OWNERSHIP STRUCTURES PERMANENT INCOME PERMANENT INCOME HYPOTHESIS PHYSICAL ASSETS PIH PLEDGES POLICY DECISIONS POLICY MAKERS POLITICAL ECONOMIES POLITICAL ECONOMY POLITICAL ECONOMY OF DEVELOPMENT POLITICAL REGIME POLITICAL UPHEAVALS PORTFOLIO PRESENT VALUE PRICE FLUCTUATIONS PRICE TAKERS PRICE VOLATILITY PRIVATE CONSUMPTION PRODUCERS PROPERTY RIGHTS PUBLIC ASSETS PUBLIC FINANCE PUBLIC GOOD PUBLIC GOODS PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC POLICY PUBLIC SECTOR PUBLIC SPENDING REGULATORY FRAMEWORK REMOTE AREAS RENEWABLE RESOURCES REPUBLIC RESERVES RESOURCE MANAGEMENT RESOURCE OWNERSHIP RESOURCE USE RISK PREMIUM SAVINGS SIDE PAYMENTS SOCIAL CAPITAL SOCIAL SCIENCE STREAMS SUSTAINABLE DEVELOPMENT TAX TAX INCENTIVES TAX POLICIES TAX POLICY TAX RATE TAX REGIMES TAXATION TECHNICAL ASSISTANCE THEORETICAL MODELS TOTAL REVENUE TRANSPARENCY TRANSPARENCY INITIATIVE VALUATION WEALTH WEALTH OF NATIONS This volume emphasizes instead the notion of 'good fit,' taking the position that welfare-promoting policies, institutions, and governance must be tailored, at least in part, to a country's specific context. In this vein, the volume presents an analytical framework for assessing a country's political economy and institutional environment as it relates to natural resource management and, on that basis, it offers a substantial set of targeted prescriptions across the natural resource value chain that are technically sound and compatible with the identified underlying incentives. In other words, the objective of this book is to help development practitioners unravel the political economy dynamics surrounding natural resource management in order to complement their technically grounded engagement. To this end, the analytical approach has been two-pronged. First, case studies were conducted on the political economy of the hydrocarbon and mineral value chains in 13 countries in the Africa, East Asia and Pacific, and Latin America and the Caribbean regions. Second, in light of this empirical material, the book highlights the current frontier of applied political economy analysis on resource dependence. This volume synthesizes the empirical and the theoretical with an emphasis on illuminating the implications for operational engagement in resource-dependent settings. 2012-03-19T09:05:14Z 2012-03-19T09:05:14Z 2012 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20111208233949 978-0-8213-8480-0 http://hdl.handle.net/10986/2381 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank Publications & Research :: Publication Publications & Research :: Publication