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Africa’s Natural Resources and Underdevelopment

Africa’s Natural Resources and Underdevelopment

author:
Kwamina Panford
 
publisher:
Palgrave Macmillan US
 
edition:
1
 
publication year:
2017
 
language:
English
 
ISBN:
9781137540720
 
 
format:
ileio (leitura online e APP)
 

This book explores how African countries can convert their natural resources, particularly oil and gas, into sustainable development assets. Using Ghana, one of the continent’s newest oil-producing countries, as a lens, it examines the 'resource curse' faced by other producers - such as Nigeria, Angola, and Equatorial Guinea - and demonstrates how mismanagement in those countries can provide valuable lessons for new oil producers in Africa and elsewhere. Relying on a broad range of fieldwork and policymaking experience, Panford suggests practical measures for resource-rich developing countries to transform natural resources into valuable assets that can help create jobs, boost human resources, and improve living and working conditions in Ghana in particular. He suggests fiscal, legal, and environmental antidotes to resource mismanagement, which he identifies as the major obstacle to socioeconomic development in countries that have historically relied on natural resources.

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