Resources Booms and Macroeconomic Adjustments in Developing Countries

Name: Resources Booms and Macroeconomic Adjustments in Developing Countries
Brand: Taylor & Francis

Taylor & Francis

Chowdhury addresses major issues of policy management in resource-based developing countries by providing an extension of the existing 'Dutch Disease' theory and its applications to the developing country context. The book investigates the impact of a resources boom and the implications of related policy choices with reference to Papua New Guinea. > Chowdhury addresses fundamental issues of policy management in resource-based developing countries, by providing an extension of the existing 'Dutch Disease' theory and its applications to the developing country context. The impact of resources booms is of paramount importance for the developing economies. To date the analytical and empirical investigations of these issues have not been available. Essentially, this study will fill this gap. The book investigates the macroeconomic impact of a resources boom and the long-term growth implications of related policy choices with reference to Papua New Guinea. Like many other primary commodi.