Overcoming the ''resource curse''

Develops guidelines regarding the design and management of policies to mitigate the political and economic risks that often accompany natural resource windfalls in less-developed countries.--provided by publisher

Natural resource extraction brings with it many incentives for resource wealth to be diverted to non-productive uses. The purpose of this research is to develop contingent guidelines for state and non-state actors interested in improving the management of natural resource revenues. In particular, it seeks to distill guidelines regarding the design and management of policies to mitigate the political and economic risks often accompanying natural resource windfalls in less-developed countries, thereby enabling implementation of well-understood macroeconomic and welfare improvements in such resource-endowed countries.