Inclusive growth, human capital development and natural resource rent in SSA

Institutional Quality, Natural Resource Rent, and Shadow Economy

Natural resource rent affects countries’ economies through various channels. Revenues from the natural resources sales are expected to boost countries' economic growth, but the economic experience of recent decades reveals the numerous economic problems in these countries, the most important of which may be the increase in the shadow economy size. Moreover, the institutions specify the signific...

What Contribution Can China Make to Inclusive Growth in Ssa?

Despite rapid economic growth the numbers living in absolute poverty in Africa have grown. The absence of inclusive growth can be traced to the structure of globalisation, the advance of financialisation and the trajectory of technological progress. A number of disruptive forces in which China has played a major role offer the possibility of moving from this exclusive growth strategy – terms of...

Natural resource dependence, human capital accumulation, and economic growth: A combined explanation for the resource curse and the resource blessing

In existing studies, no consensus has been reached on the relationship between natural resource dependence and human capital accumulation. To narrow the divergence, this paper carries out a normative research to explain the co-existence of the phenomena of the resource curse and the resource blessing based on an organic combination of conceptual and mathematical models. It first establishes a c...

Sustainable Development of Human Resource Capital

Trade-led Growth, Natural Resource Dependence, and Sustainable Development

Since the Pinochet dictatorship in the 1970s, Chile has carried out neoliberal reforms. Successive governments have promoted exports, reduced tariffs, welcomed foreign investment, and pursued bilateral and regional trade agreements, including the recent U.S.-Chile Free Trade Agreement. Unlike most countries in the region, these reforms have produced rapid growth. Real growth rates in the 1990s ...