Lundgren, C: Boom, Bust or Prosperity?

Sizeable natural resource endowments and potentially large financial inflows from their extraction provide an unparalleled opportunity for economic growth and development in a growing number of sub-Saharan African countries. Empirical evidence suggests that translating this resource wealth into stronger economic performance and a higher standard of living has proven challenging. This publication focuses on solutions to the challenges and outlines the main policy considerations and options in managing natural resource wealth.