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Africa’s Natural Resources and Underdevelopment

How Ghana’s Petroleum Can Create Sustainable Economic Prosperity

  • Kwamina Panford

Table of contents

About this book

Introduction

This book explores how African countries can convert their natural resources, particularly oil and gas, into sustainable development assets. Using Ghana, one of the continent’s newest oil-producing countries, as a lens, it examines the "resource curse" faced by other producers - such as Nigeria, Angola, and Equatorial Guinea - and demonstrates how mismanagement in those countries can provide valuable lessons for new oil producers in Africa and elsewhere. Relying on a broad range of fieldwork and policymaking experience, Panford suggests practical measures for resource-rich developing countries to transform natural resources into valuable assets that can help create jobs, boost human resources, and improve living and working conditions in Ghana in particular. He suggests fiscal, legal, and environmental antidotes to resource mismanagement, which he identifies as the major obstacle to socioeconomic development in countries that have historically relied on natural resources. >

Keywords

paradox of plenty extractive industries foreign direct investment governance enclave effect

Authors and affiliations

  • Kwamina Panford
    • 1
  1. 1.Northeastern UniversityBostonUSA

Bibliographic information

  • DOI https://doi.org/10.1057/978-1-137-54072-0
  • Copyright Information The Editor(s) (if applicable) and The Author(s) 2017
  • Publisher Name Palgrave Macmillan, New York
  • eBook Packages Economics and Finance
  • Print ISBN 978-1-137-54071-3
  • Online ISBN 978-1-137-54072-0
  • Buy this book on publisher's site