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Rowing against the current: Diversification in Africa's resource-rich economies

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  • John Page

Abstract

The exploitation of natural resources is a huge opportunity, but one that carries considerable risks. Relative prices in resource-exporting economies tend to push them towards economic structures dominated by the resource sector. This paper explores ways to achieve diversification in a resource-rich economy. It describes the relative price changes that accompany a resource boom and suggests policies and public investments to mitigate their impact.

Suggested Citation

  • John Page, 2018. "Rowing against the current: Diversification in Africa's resource-rich economies," WIDER Working Paper Series wp-2018-68, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2018-68
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    1. Robson Mandishekwa, 2021. "Rethinking mining as a development panacea: an analytical review," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 34(1), pages 151-162, April.

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