Harnessing Natural Resources for Inclusive Growth
Publisher: International Growth Centre
Author(s): Paul Collier and Caroline Laroche
Date: 2015
Topics: Economic Recovery, Extractive Resources, Governance, Programming
Countries: Botswana, Guinea
Natural resources can support sustainable and inclusive growth in sub-Saharan Africa if key policy areas in the natural resource management chain are tackled and strong institutions are put in place. This brief presents a framework for natural resource management, which can be useful for policy-makers looking to strengthen and better diagnose the weaknesses in their national natural resource management (NRM) framework. It can also be a useful starting point for those interested in understanding the challenges related to ensuring natural resources support inclusive growth. The resource curse is not inevitable and, if properly managed, resource driven development is the best growth opportunity for many favourably endowed African countries. Indeed, most of African’s natural resources have not yet been discovered, which represents a formidable opportunity for growth.