Natural Resource Wealth: The Challenge of Managing a Windfall - van-der-ploeg-venables-2011-natural-resource-wealth-the-challenge-of-managing-a-windfall.pdf thumbnail
Natural Resource Wealth: The Challenge of Managing a Windfall - van-der-ploeg-venables-2011-natural-resource-wealth-the-challenge-of-managing-a-windfall.pdf
www.annualreviews.org
have failed to save a sufficiently high proportion of their resource revenues and failed to make high- return investments to support diversification of their economies. how to trans- form subsoil assets into a portfolio of other assets—human capital, domestic physical capital (both private and publi
1 Users
0 Comments
7 Highlights
7 Notes

Top Highlights

  • have failed to save a sufficiently high proportion of their resource revenues and failed to make high- return investments to support diversification of their economies.
  • how to trans- form subsoil assets into a portfolio of other assets—human capital, domestic physical capital (both private and public), and perhaps also foreign financial assets—that yield a continuing flow of income to citizens
  • a measure of education spending to reflect investment in human capital and subtract the depreciation of physical and human capital, the use of natural resources, and the deterioration in environmental quality (mainly arising from CO 2 and fine-particle pollution)
  • how much countries should save from their resource rents and how such savings should be invested.
  • constrain spending during boom times and transfer revenue into a stabilization fund

Ready to highlight and find good content?

Glasp is a social web highlighter that people can highlight and organize quotes and thoughts from the web, and access other like-minded people’s learning.