Africa’s Natural Resources and Underdevelopment
Subtitle: How Ghana’s Petroleum Can Create Sustainable Economic Prosperity
Publisher: Palgrave Macmillan
Published: Feb 03, 2017
Language: eng
Format: hardcover
Number of pages: 265
ISBN-13: 9781137540713
Description: "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."--Page 4 of cover.
Notes: Source title: Africa’s Natural Resources and Underdevelopment: How Ghana’s Petroleum Can Create Sustainable Economic Prosperity