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TitleHow to Cope with Dutch Disease in Least Developed Countries
AuthorJan Priewe
SubjectEconomic Development
Date of Publication2011
PublisherEconomic Policy Research Centre (EPRC)
Number of Pages04 pages
Geographical CoverageAfrica, Uganda
KeywordsOil Industry, Least Developed Countries (LDCs), Economic Growth
AbstractAfrica 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 HolderEconomic Policy Research Centre (EPRC)
Copyright URL
Filesize559215 MB
File FormatPDF
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