In this chapter, Dr. Mohammed Amin Adam discusses the challenges of extractive resource management. Extractive resource revenue is an important source of revenue for most resource-rich countries, but the degree of dependence on these revenues differs from country to country. Three fundamental features of extractive resource revenues make them challenging to manage; they are volatile, exhaustible, and can negatively impact other industries. He discusses Dutch disease and its effects in the short-, medium-, and long-term and addresses policy challenges.
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