Mineral wealth is not a curse but an economic opportunity. UNRISD research suggests that when countries carefully balance productive and redistributive goals, mineral wealth can be harnessed for equitable and sustainable development. To manage the challenges of a mineral-led growth path successfully, countries need to design and implement comprehensive, inclusive and rights-based social policies; build strong democratic institutions; and be given the policy space to foster productive diversification while safeguarding macroeconomic stability.
Hujo, K. Mineral Rents and the Financing of Social Policy: Options and Constraints. UNRISD (United Nations Research Institute for Social Development), Geneva, Switzerland (2012) 4 pp. [UNRISD Research and Policy Brief 16]