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E-grāmata: Economic Diversification Policies in Natural Resource Rich Economies [Taylor & Francis e-book]

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  • Formāts: 336 pages, 15 Tables, black and white; 105 Line drawings, black and white; 105 Illustrations, black and white
  • Sērija : Routledge Explorations in Environmental Economics
  • Izdošanas datums: 14-Aug-2018
  • Izdevniecība: Routledge
  • ISBN-13: 9781315660981
  • Taylor & Francis e-book
  • Cena: 168,97 €*
  • * this price gives unlimited concurrent access for unlimited time
  • Standarta cena: 241,39 €
  • Ietaupiet 30%
  • Formāts: 336 pages, 15 Tables, black and white; 105 Line drawings, black and white; 105 Illustrations, black and white
  • Sērija : Routledge Explorations in Environmental Economics
  • Izdošanas datums: 14-Aug-2018
  • Izdevniecība: Routledge
  • ISBN-13: 9781315660981
Economic diversification remains at the top of the agenda for hundreds of regions around the world. From the single commodity economies of African countries and the Caribbean, to the many single industry regions of Europe and North America, as well as the oil and gas rich but volatile hydrocarbon economies. Economic diversification policies have been around for almost a century with varying degrees of success and failure. Economic Diversification Policies in Natural Resource Rich Economies takes a special interest in the policy experiences of a set of different countries that have extractive industries representing significant drivers of their economies and subsequently are significant contributors to government revenues. It explores twelve cases including upper-middle to high income economies such as Canada, Australia, Iceland and Norway, emerging economies such as Latin America, the GCC (Saudi and UAE), Kazakhstan, Malaysia and Russia, as well as the developing economy of Uganda. Each chapter provides a review of economic diversification experiences including policy environment, diversification strategies, desired outcomes, the role of government, and a critical evaluation of achievements. This book is suitable for those who study environmental economics, development economics and resource management.
List of figures ix
List of tables xii
Notes on contributors xiii
Acknowledgements xv
1 Economic diversification: new thinking 1(8)
Sami Mahroum
1.1 Introduction
1(1)
1.2 Demand-led diversification
2(2)
1.3 Demand and supply varieties
4(1)
1.4 The three roads of diversification
5(4)
2 Industrial diversification and the evolving position of natural resources in the Canadian economy 9(28)
Richard Hawkins
2.1 Introduction
9(1)
2.2 Neither a hewer of wood nor a drawer of water-dispelling the great Canadian myth
10(1)
2.3 Energy in the Canadian industrial mix
11(7)
2.4 Coping with an inversion in Canadian exports
18(4)
2.5 Natural resources and current Canadian policy for science, technology and industry
22(2)
2.6 Canada as a developer of successful industrial diversification policies
24(3)
2.7 The transformation from vertical to horizontal STI policy
27(3)
2.8 A roadmap to a prosperous future-with or without oil
30(7)
3 Diversification of the Saudi economy: challenges and prospects 37(22)
Hatem Samman
Sheikh Shahnawaz
3.1 Country overview
37(1)
3.2 Challenges to the Saudi economy
38(10)
3.3 The way forward: guidelines for identifying key sectors
48(7)
3.4 Concluding remarks
55(4)
4 Diversification in Latin American oil exporters: was no intervention a better policy option? 59(41)
Igor Hernandez
Osmel Manzano
4.1 Introduction
59(2)
4.2 Diversification in Latin American oil exporters
61(7)
4.3 Diversification policies in LAC countries
68(22)
4.4 Policies and outcomes
90(2)
4.5 Concluding remarks
92(8)
5 Economic diversification in Malaysia: timing, path dependence and increasing returns 100(18)
Abdillah Noh
5.1 Introduction
100(3)
5.2 Historical institutionalism and path dependence
103(2)
5.3 Timing and path dependence: the economy and the late entry of the oil and gas industry
105(2)
5.4 The New Economic Policy: part of Malaysia's problem or part of Malaysia's answer to maintaining a diversified economy?
107(1)
5.5 The financial crises and willingness to improvise the sacred cow
108(4)
5.6 Instituting the diversification story
112(2)
5.7 Conclusion
114(4)
6 Diversification, Dutch disease and economic growth: Options For Uganda 118(30)
Thorvaldur Gylfason
Jean-Pascal Nguessa Nganou
6.1 Introduction
118(3)
6.2 Diversification and the Dutch disease
121(3)
6.3 From natural capital to diverse kinds of capital
124(4)
6.4 Rent seeking, subsidies and transparency
128(5)
6.5 Two dimensions of diversification
133(10)
6.6 Concluding remarks
143(5)
7 Economic diversification in Australia 148(27)
John Phillimore
Kenneth Leong
7.1 Introduction
148(2)
7.2 Australia: a vulnerable but successful natural resource-based economy
150(5)
7.3 1980s-1990s: liberalising the economy to ward off the 'banana republic'
155(6)
7.4 2003-2014: the resources boom
161(7)
7.5 Future prospects
168(7)
8 Economic diversification in Russia: nuclear to the rescue? 175(28)
Li-Chen Sim
8.1 Introduction
175(2)
8.2 Why divers?
177(7)
8.3 The nuclear industry as a diversification strategy
184(10)
8.4 Conclusion
194(9)
9 Kazakhstan's diversification strategy: are policies building linkages and promoting competition? 203(33)
Peter Howie
9.1 Introduction
203(2)
9.2 Kazakhstan's economic history
205(6)
9.3 Kazakhstan's economic development policies since independence
211(1)
9.4 The concept of linkages in a resource-dependent country
212(2)
9.5 Kazakhstan's promotion of linkages
214(12)
9.6 Conclusion and discussion
226(10)
10 The role of institutions in economic diversification: the case of the UAE 236(31)
Hamed Al-Hashemi
10.1 Introduction
236(1)
10.2 What determines economic diversification?
237(2)
10.3 Research methodology and data
239(1)
10.4 Evolution of the UAE's economy
240(10)
10.5 The diversification mechanisms in the UAE
250(7)
10.6 The role of the UAE government institutions
257(4)
10.7 Challenges for economic diversification
261(2)
10.8 Conclusions
263(4)
11 Double diversification with an application to Iceland 267(28)
Thorvaldur Gylfason
Per Magnus Wijkman
11.1 Introduction
267(1)
11.2 Economic diversification
268(5)
11.3 Political diversification
273(7)
11.4 Recap: double ascent
280(1)
11.5 Not by fish alone: the case of Iceland
280(11)
11.6 Conclusion
291(4)
12 Industrial diversification processes and strategies in an oil economy: Norway 295(29)
Olav Wicken
12.1 Introduction
295(3)
12.2 Oil economies and the paradox of plenty or resource curse
298(2)
12.3 The role of knowledge as a competitive advantage
300(3)
12.4 Industry analysis of natural resource based dynamics
303(12)
12.5 Strategies and policies for diversification in an oil economy
315(4)
12.6 Concluding remarks
319(5)
13 Old and new directions for economic diversification policies 324(4)
Yasser Al-Saleh
13.1 Learning from policy successes and failures
324(1)
13.2 A policy panacea remains missing
325(1)
13.3 Epilogue: which way now?
326(2)
Index 328
Sami Mahroum is the Director of the INSEAD Innovation and Policy Initiative. Prior to that, he was a Senior Analyst with the OECD in Paris and a Visiting Reader at Birkbeck, University of London.



Yasser Al-Saleh is a Faculty Member at the Mohammed Bin Rashid School of Government. Prior to that, he was a Senior Research Fellow at the INSEAD Innovation and Policy Initiative.