The Future of Poverty

Are the prices of resources/products predicted to rise in the future?

 

Claim: Countries with excess resources may find it difficult to survive and need to manage their resources and make revenue from them.

 

Evidence:

"For countries with abundant oil, gas, and mineral deposits, formulating tax and spending policies can be tricky

Being well endowed with resources may be beneficial for a developing country, but an abundance of resources can make it difficult for policymakers to design and implement spending and tax policies.­"

"The prices of the commodities they export are unpredictable, so a large proportion of their revenues is often volatile, which can cause swings in government spending.­"

(IMF, September 2013)