Sharing Resource Wealth Inclusively Within and Across Generations

Author/Editor:

Nathalie Pouokam

Publication Date:

April 23, 2021

Electronic Access:

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Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary:

This paper discusses the main challenges faced by resource-rich nations in promoting equity; describes policy tools available for managing exhaustible natural resources; and analyzes the relationship between resource wealth and state fragility. It is argued that human capital accumulation, innovation, and technology diffusion can help escape the trap of low growth and resource dependence that plagues so many developing countries. But to make this possible, resource-rich nations must sustain strong citizen participation in the policy making to hold governments accountable and ensure the inclusive management of resource wealth.

Series:

Working Paper No. 2021/097

Frequency:

regular

English

Publication Date:

April 23, 2021

ISBN/ISSN:

9781513582429/1018-5941

Stock No:

WPIEA2021097

Pages:

37

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