Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/211239 
Year of Publication: 
2018
Series/Report no.: 
WIDER Working Paper No. 2018/99
Publisher: 
The United Nations University World Institute for Development Economics Research (UNU-WIDER), Helsinki
Abstract: 
Countries face both challenges and opportunities in using their extractive industries to achieve more inclusive development - particularly in the developing world. Yet while a large national income can result from resource wealth, it can also be associated with acute social inequality and deep poverty. Many countries struggle to diversify their economies, and create redistributive fiscal systems. The very worst cases see violent conflict and civil war. The expression "resource curse" has in turn become common coin. This paper presents 10 main messages from a UNU-WIDER Project, that should underpin efforts to improve development and environmental outcomes in the extractive industries.
Subjects: 
extractive industries
resource wealth
resource curse
inequality
poverty
fiscal systems
JEL: 
O20
O44
Q02
Q32
Q33
Q40
Persistent Identifier of the first edition: 
ISBN: 
978-92-9256-541-1
Document Type: 
Working Paper

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