Natural resources are being discovered in more countries, both rich and poor. Many of the new and aspiring resource exporters are low-income countries that are still receiving substantial levels of foreign aid. Resource discoveries open up enormous opportunities, but also expose producing countries to huge trade and fiscal shocks from volatile commodity markets if their exports are highly concentrated. A large literature on the "resource curse" shows...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2014/06/01
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Рабочий документ в рамках исследования вопросов политики
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WPS6952
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1
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1
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2014/06/01
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Disclosed
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How should donors respond to resource windfalls in poor countries ? from aid to insurance
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hedge