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| | | Title | How to Cope with Dutch Disease in Least Developed Countries | | Author | Jan Priewe | | Subject | Economic Development | | Date of Publication | 2011 | | Publisher | Economic Policy Research Centre (EPRC) | | Number of Pages | 04 pages | | Language | English | | Geographical Coverage | Africa, Uganda | | Keywords | Oil Industry, Least Developed Countries (LDCs), Economic Growth | | Abstract | Africa is going to discover and extract more and more of its natural resources. Many expect that this will be a big blessing for Sub-Saharan Africa and other Least Developed Countries (LDCs) and will lift many out of poverty. History shows, however, that in terms of economic growth, oil-rich countries performed worse than countries with no relevant natural resources (Sachs and Warner 2001 for the period 1970-89) as they had suffered from Dutch disease, which had led to currency appreciation. Therefore lessons should be learnt from resource-rich countries, both positive and negative | | Copyright Holder | Economic Policy Research Centre (EPRC) | | Copyright URL | http://www.eprc.or.ug | | Filesize | 559215 MB | | File Format | PDF | | [ View / download original document ] |
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