Abundant Resource Endowment: A Basis for Successful Economic Diversification

"This policy brief discusses the reasons for pessimism in resource-based economic development, resulting in failure to achieve economic diversification and sustainable economic growth. It then looks at why resource abundance can support successful economic diversification. Finally the policy brief outlines the policies that result from the two scenarios and concludes that there is a reason fro successful economic diversification in resource-based economies provided appropriate policies are chosen and implemented"