Boakye, Daniel
Investing Mineral Wealth in Development Assets Ghana, Liberia and Sierra Leone / Daniel Boakye [electronic resource] : Daniel Boakye - Washington, D.C., The World Bank, 2012 - 1 online resource (30 p.) - Policy research working papers. World Bank e-Library. .
Promoting sustainable development calls for investing rents from exhaustible mineral resources into human, physical and social capital, so as to protect the wealth of countries and the economic opportunities of their citizens. This has been difficult in well-governed Ghana in the last decade; and might prove to be extremely challenging in post-conflict countries such as Liberia and Sierra Leone, where preference for the present is high and institutions to collect rents and convert them into effective investments weak. The paper reviews the countries' degrees of preparedness to confront the various challenges associated with ongoing mineral booms, and tries to identify country-specific policy areas of particular relevance and potential impact for sustainable development.
10.1596/1813-9450-6089
Debt Markets
Economic Theory & Research
Environmental Economics & Policies
Macroeconomics and Economic Growth
Minerals
Poverty Reduction
Public Sector Economics
Public Sector Expenditure Policy
Sustainable development
Wealth accounting
Ghana
Liberia
Sierra Leone
Investing Mineral Wealth in Development Assets Ghana, Liberia and Sierra Leone / Daniel Boakye [electronic resource] : Daniel Boakye - Washington, D.C., The World Bank, 2012 - 1 online resource (30 p.) - Policy research working papers. World Bank e-Library. .
Promoting sustainable development calls for investing rents from exhaustible mineral resources into human, physical and social capital, so as to protect the wealth of countries and the economic opportunities of their citizens. This has been difficult in well-governed Ghana in the last decade; and might prove to be extremely challenging in post-conflict countries such as Liberia and Sierra Leone, where preference for the present is high and institutions to collect rents and convert them into effective investments weak. The paper reviews the countries' degrees of preparedness to confront the various challenges associated with ongoing mineral booms, and tries to identify country-specific policy areas of particular relevance and potential impact for sustainable development.
10.1596/1813-9450-6089
Debt Markets
Economic Theory & Research
Environmental Economics & Policies
Macroeconomics and Economic Growth
Minerals
Poverty Reduction
Public Sector Economics
Public Sector Expenditure Policy
Sustainable development
Wealth accounting
Ghana
Liberia
Sierra Leone