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Publications (25)
Sovereign Wealth Funds (SWFs) have become a symbol of national success and a means for global, commercial and geopolitical influence. But how well do they contribute to national development goals? Furthermore, global decarbonization threatens the future of many fossil fuel-financed SWFs. Here, we...
The post-COVID-19 economic recovery and Russia’s war with Ukraine have caused some natural resource prices to reach new highs. Although forecasting the price of internationally-traded commodities is notoriously difficult, recent estimates suggest that prices will remain high through 2024. The high...
The green energy transition is projected to cause an increase in metal demand. Will this demand lead to the opening of deep-seabed mining? As of now, seabed mining has been limited to shallow waters, but could mineral-rich deep seabeds provide an opportunity for the developing world? Deep-seabed...
The price and availability of energy is fundamental to the health of the global economy. The Russia–Ukraine war is intensifying an energy shock that began unfolding as the prices for oil, natural gas and coal started to recover from a COVID-19-induced slump. Energy importers among the low-income...
– Three lessons to inform next steps
At the start of the last decade, Mozambique’s prospects looked stellar. Following from the early 1990s, when peace finally arrived after a devastating and protracted armed conflict, this vast country in Southern Africa could look back proudly on a sustained period of rapid growth and poverty...
– The challenge for Africa
Why is there so little industry in Africa? Does it matter? What can be done about it? These were questions I put to Finn Tarp and Louis Kasekende, then the Director of UNU-WIDER and Chief Economist of the African Development Bank respectively, at a 2008 meeting of the African Economic Research...
At the beginning of this decade, large offshore natural gas fields were discovered in north-east Mozambique. Investment is now flowing into the country, and a boom in the natural gas sector is expected. According to estimates from Mozambique’s Ministry of Economy and Finance, additional tax revenues...
At the beginning of this decade, large offshore natural gas fields were discovered in north-east Mozambique. Investment is now flowing into the country, and a boom in the natural gas sector is expected. According to estimates from Mozambique’s Ministry of Economy and Finance, additional tax revenues...
At the beginning of this decade, large offshore natural gas fields were discovered in north-east Mozambique. Investment is now flowing into the country, and a boom in the natural gas sector is expected. According to estimates from Mozambique’s Ministry of Economy and Finance, additional tax revenues...
– UNU-WIDER provides open access to a wealth of information
The question ‘why is there so little industrialization in Africa?’ has been a key focus of UNU-WIDER researchers and research partners for the last decade. Many Asian economies started their industrialization processes from conditions similar to those that African countries are experiencing today...
Blog
– What can be done?
In the second part of this blog, Alan R. Roe discusses what is known about the informational failures that pose challenges for governments in projecting revenues from extractive industries. Read the first part here. Important new light has been thrown on information gaps faced by governments in...
Blog
– Information asymmetries and other disadvantages of host governments
In the first part of this blog, Alan R. Roe writes about the difficulties governments face in predicting revenues from extractive industries. Read part two here. Countries endowed with rich mineral or oil and gas resources have many competing uses for the revenues that arise from the production of...
Over the past decade significant hydrocarbon discoveries have been made across East Africa. Unsurprisingly, the respective governments countries have been excited about these discoveries, expecting revenue and local economic opportunities to follow suit. However, concerns about the macroeconomic...
– The last 25 years
Ever since the British Industrial Revolution, energy has been a key factor of production. Recent history has proved no exception. The pattern of primary commercial energy consumption since 1965 is presented in Figure 1. What is also clear is that, since the start of this century, energy consumption...
Blog
The recent anti-corruption summit in London highlighted a much-publicized issue in development—transparency is crucial in the minerals sector. However, an event at UNU-WIDER made it clear that this is only one of many key issues related to the extractive industries, government revenues, and...
I spent the last couple of days at a fascinating workshop at UNU-WIDER on the role of extractive industries in development. Tony Addison, UNU-WIDER Chief Economist-Deputy Director, and Alan Roe, UNU-WIDER Non-Resident Senior Research Fellow and Oxford Policy Management Associate are pulling together...
Displaying 16 of 25 results