05053oam 22011174 450 991078852110332120230617033848.01-4623-1047-81-4527-0273-X1-282-39197-697866138204021-4519-0790-7(CKB)3360000000443080(EBL)3012493(SSID)ssj0000949424(PQKBManifestationID)11559400(PQKBTitleCode)TC0000949424(PQKBWorkID)11002796(PQKB)10029923(OCoLC)535146879(MiAaPQ)EBC3012493(IMF)WPIEE2005235(EXLCZ)99336000000044308020020129d2005 uf 0engur|n|---|||||txtccrEmergence of the Gulf of Guinea in the Global Economy : Prospects and Challenges /Damian Ondo MañeWashington, D.C. :International Monetary Fund,2005.1 online resource (26 p.)IMF Working Papers"December 2005."1-4518-6254-7 Includes bibliographical references (p. 23-24).""Contents""; ""I. INTRODUCTION: COMPARATIVE ADVANTAGE""; ""II. GROWING INTEREST IN THE REGION""; ""III. COPING WITH THE OBSTACLES TO THE REGIONâ€?S DEVELOPMENT""; ""IV. A FEW IDEAS FOR THE DEVELOPMENT OF THE REGION""; ""V. CONCLUSIONS AND RECOMMENDATIONS""; ""References""The Gulf of Guinea's tremendous potential is creating investment opportunities for the region. Some of its resources, such as oil, minerals, and forests, continue to attract significant investments whereas others, like natural gas, could be exploited to their full potential if necessary investments were undertaken. Nevertheless, the Gulf of Guinea has to cope with numerous challenges, both exogenous and endogenous, before it can fully benefit from its riches. One of these problems stems from the overwhelmingly weak institutions and governance, pointed by stylized facts, which add to the risks of "natural resource curse" and can feed the theory of the "Paradox of Plenty." The case is made that regional institutional arrangements and increased involvement of the international community and the African Diaspora should complement the efforts in which countries in the region should engage to address policy and governance issues. Complementary avenues are proposed, including maintaining stability and security, making better use of the region's own assets, putting in place a favorable business environment, and augmenting exports with value addition.IMF Working Papers; Working Paper ;No. 2005/235Fiscal policyGuinea, Gulf ofInvestments: EnergyimfMacroeconomicsimfTaxationimfIndustries: EnergyimfNatural ResourcesimfEnergy: GeneralimfHydrocarbon ResourcesimfAgricultural and Natural Resource EconomicsimfEnvironmental and Ecological Economics: GeneralimfEnergy: Demand and SupplyimfPricesimfBusiness Taxes and SubsidiesimfInvestment & securitiesimfPetroleum, oil & gas industriesimfEnvironmental managementimfPublic finance & taxationimfOilimfNatural gas sectorimfNatural resourcesimfOil pricesimfOil, gas and mining taxesimfPetroleum industry and tradeimfGas industryimfGuinea, Gulf ofEconomic conditionsGuineaimfFiscal policyInvestments: EnergyMacroeconomicsTaxationIndustries: EnergyNatural ResourcesEnergy: GeneralHydrocarbon ResourcesAgricultural and Natural Resource EconomicsEnvironmental and Ecological Economics: GeneralEnergy: Demand and SupplyPricesBusiness Taxes and SubsidiesInvestment & securitiesPetroleum, oil & gas industriesEnvironmental managementPublic finance & taxationOilNatural gas sectorNatural resourcesOil pricesOil, gas and mining taxesPetroleum industry and tradeGas industryOndo Mañe Damian1462082International Monetary Fund.Office of the Executive Director, Africa.DcWaIMFBOOK9910788521103321Emergence of the Gulf of Guinea in the Global Economy3670933UNINA