Natural Resources In Latin America And The Caribbean: Beyond Booms And Busts? (Latin America And Caribbean Studies),New

Natural Resources In Latin America And The Caribbean: Beyond Booms And Busts? (Latin America And Caribbean Studies),New

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SKU: DADAX0821384821
Brand: World Bank Publications
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The question of how to treat commodity production and how to manage recurrent cycles of booms and busts has always been a challenge for policymakers in commoditydependent countries, including many in the LAC region. These challenges have led to allegations of a commodity curse that retards development in these countries, but as of yet, there is no consensus as to whether such a curse exists, and if so, how can negative effects be minimized.This book contributes to this debate. Much of the report is focused on an examination of specific channels through which commodity dependence may affect the economic and institutional development of countries. This includes broadly 4 sets of concerns: one set dealing with the direct economic effects of commodity dependence and the implications for longterm growth; one dealing with the interactions between commodity production and the rents it generates on the one hand, and a countrys institutions on the other; a third dealing with the macroeconomic challenges of managing the volatility of revenue flows, including the distributional implications at the household level posed by cyclicality of social spending; and a final set associated with potential negative environmental and social impacts.The book finds that some commonly accepted negative effects of dependence on natural resources are largely myths, while some are realities. But all can be managed, and the book draws on the best available information in existing literature as well as original analysis to provide practical advice on how to do so. It also presents descriptive facts and analysis of the impacts in LAC of the recent commodity boom, helping the reader understand the implications for the regions development and policies. It should be of great interest to policymakers and analysts, as well as laypersons interested in the economics of commodity markets and their role in economic development.

⚠️ WARNING (California Proposition 65):

This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.

For more information, please visit www.P65Warnings.ca.gov.

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