A book by Jamal Azizi, Pierre-No\u00ebl Giraud, Timoth\u00e9e Ollivier, Paul-Herv\u00e9 Tamokou\u00e9 Kamga.<\/p>\n
By 2050, Africa\u2019s population will reach 2.5 billion, 200 million more than all of South Asia, while the population of China will be capped at 1.3 billion and that of all Europe-North America close to 1 billion people. In 2100, Africans will be 4.5 billion out of 11 billion people.<\/p>\n
\nTherefore, the main challenge of this century is the emergence of sustainable Africa: Green Revolution, industrialization, urbanization (with an additional 900 millions urbanites in sub-Saharan Africa by 2050).<\/p>\n
\nOne of the major obstacles to this sustainable emergence is that many African states are hit by the \u201ccurse of mining and oil rents\u201d: inequities in the sharing of the benefits between the states and the mining and oil operators, corruption and waste of public funds, stagnation of the non-financial sectors, uncontrolled urbanization and often, civil war\u2026<\/p>\n
\nThis essay offers a thorough analysis of the situation and the ways to remedy it. The book is divided into three parts. The first part, theoretical, presents an economic analysis of the sharing and use of the mining and oil rents, of why prices and rents fluctuate and of the effects of these fluctuations. It lists and articulates the multiple facets of the curse and proposes a categorization of rentier states.<\/p>\n
\nThe second part, empirical, presents and comments on the numerous econometric studies that tried to verify and quantify the mechanisms of the curse. It offers an original study of the impacts of the rents on agriculture and urbanization in Africa.<\/p>\n
\nThe third part is a case study of eleven African countries, their mining and\/or oil history, sharing and use of the rent within them. It offers a detailed illustration of the vicious circles of the curse, but also the \u201cgood practice\u201d to fight it. The book concludes with a few recommendations aimed to rule out the curse.<\/p>\n
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