by: Emily Sinnott, John Nash, Augusto de la Torre
Policy makers in many countries in the Latin American and Caribbean
region have found it challenging to determine how to treat natural
resource commodity production and how to manage the recurrent cycles of
booms and busts. Natural Resources in Latin America and the
Caribbean: Beyond Booms and Busts? addresses the major concerns
associated with commodity dependence, summarizing the state of the art
in existing literature and filling in the knowledge gaps with new
analysis. The report finds that some commonly accepted negative effects
of dependence on natural resources are largely myths, while some are
realities. But the authors find that all the effects can be managed,
and they provide practical advice on how to do so. Issues covered
include long-term fiscal growth, fiscal volatility, institutional
impacts, and environmental and social effects. The report analyzes the
implications for the region’s development and policies.
Natural Resources in Latin America and the Caribbean: Beyond
Booms and Busts? will be of interest to policy makers, academics,
and analysts, as well as others interested in the economics of
commodity markets and their role in economic development.
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