Book contents
- Understanding and Avoiding the Oil Curse in Resource-rich Arab Economies
- Understanding and Avoiding the Oil Curse in Resource-rich Arab Economies
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- Foreword
- Acknowledgments
- 1 Overview of Context, Issues and Summary
- 2 The Global Impact of the Systemic Economies and MENA Business Cycles1
- 3 Real Exchange Rates and Export Performance in Oil-dependent Arab Economies*
- 4 Dutch Disease in the Services Sector
- 5 The Political Economy of Public Sector Employment in Resource-dependent Countries1
- 6 The Oil Curse and Labor Markets
- 7 Resource Rents, Political Institutions and Economic Growth*
- 8 Fiscal Institutions in Resource-rich Economies
- 9 Savings and Investment Decisions from Natural Resource Revenues
- 10 Labor Market Heterogeneity and Optimal Exchange Rate Regimes in Resource-rich Arab Countries
- 11 The Institutional Curse of Natural Resources in the Arab World1
- 12 Has the UAE Escaped the Oil Curse?
- 13 Understanding and Avoiding the Oil Curse in Sudan
- Index
- References
13 - Understanding and Avoiding the Oil Curse in Sudan
Published online by Cambridge University Press: 05 July 2016
- Understanding and Avoiding the Oil Curse in Resource-rich Arab Economies
- Understanding and Avoiding the Oil Curse in Resource-rich Arab Economies
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- Foreword
- Acknowledgments
- 1 Overview of Context, Issues and Summary
- 2 The Global Impact of the Systemic Economies and MENA Business Cycles1
- 3 Real Exchange Rates and Export Performance in Oil-dependent Arab Economies*
- 4 Dutch Disease in the Services Sector
- 5 The Political Economy of Public Sector Employment in Resource-dependent Countries1
- 6 The Oil Curse and Labor Markets
- 7 Resource Rents, Political Institutions and Economic Growth*
- 8 Fiscal Institutions in Resource-rich Economies
- 9 Savings and Investment Decisions from Natural Resource Revenues
- 10 Labor Market Heterogeneity and Optimal Exchange Rate Regimes in Resource-rich Arab Countries
- 11 The Institutional Curse of Natural Resources in the Arab World1
- 12 Has the UAE Escaped the Oil Curse?
- 13 Understanding and Avoiding the Oil Curse in Sudan
- Index
- References
Summary
This chapter examines the impact of the oil boom, blessing or curse, on Sudan’s economy, analyzes the key features of the country’s growth experience before and after the commercial production of oil and articulates their underlying political economy issues. The results show that the contribution of oil to real growth has been strong; however, Sudan is confronted with the Dutch Disease and grave fiscal management challenges. Moreover, the political economy regime engendered by the elites’ distributive politics tends to magnify the impact of shocks and it worsened the procyclicality of fiscal policy and contributed to the excessive currency appreciation. Overall these factors have contributed to premature de-industrialization, diluted the economic and social impact of the largely oil-driven growth and further weakened the state institutions. The policy implications of these findings are indicated.
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- Publisher: Cambridge University PressPrint publication year: 2016
References
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