The Resource Curse and Policy Prescriptions to Avoid It: An Application to the DR Congo
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This paper aims at drawing some policy recommendations from the resource curse literature and to examining their applicability to the Democratic Republic of the Congo (DRC). These policies are presented in terms of the four main channels— institutional weakness, political violence, volatility, and Dutch disease—that can potentially explain the negative impact of abundance in natural resources on economic performance. In the case of the DRC, the paper argues that policies should emphasize: a transparent and accountable state, the ability to mitigate volatility while keeping track of development strategies; invest resource revenues in education, physical infrastructure, state capacity, and promotion of linkages between the natural resources sector and the rest of the economy; and conditional transfer to households. The main contribution of this paper is that, by bringing the DRC’s case, it emphasizes in a country-specific context, the practicality of the policy propositions from the resource curse literature.
Abstract
This paper aims at drawing some policy recommendations from the resource curse literature and to examining their applicability to the Democratic Republic of the Congo (DRC). These policies are presented in terms of the four main channels— institutional weakness, political violence, volatility, and Dutch disease—that can potentially explain the negative impact of abundance in natural resources on economic performance. In the case of the DRC, the paper argues that policies should emphasize: a transparent and accountable state, the ability to mitigate volatility while keeping track of development strategies; invest resource revenues in education, physical infrastructure, state capacity, and promotion of linkages between the natural resources sector and the rest of the economy; and conditional transfer to households. The main contribution of this paper is that, by bringing the DRC’s case, it emphasizes in a country-specific context, the practicality of the policy propositions from the resource curse literature.
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