Investing Mineral Wealth in Development Assets [electronic resource] : Ghana, Liberia and Sierra Leone / Daniel Boakye
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TextPublication details: Washington, D.C., The World Bank, 2012Description: 1 online resource (30 p.)Subject(s): 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 LeoneAdditional physical formats: Boakye, Daniel.: Investing Mineral Wealth in Development Assets.Online resources: Click here to access online Abstract: 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.
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.
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