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mods: Mining for Change natural resources and industry in Africa Page, John Tarp, Finn 1951- text Electronic books. xx 2020 monographic eng remote 1 online resource For a growing number of countries in Africa the discovery and exploitation of natural resources is a great opportunity, but one accompanied by considerable risks. This book presents research on how to better manage the revenues and opportunities associated with natural resources. Cover -- Mining for Change: Natural Resources and Industry in Africa -- Copyright -- Foreword -- Acknowledgements -- Contents -- List of Figures -- List of Tables -- List of Abbreviations -- Notes on Contributors -- 1: Overview -- 1. Introduction -- 2. Resource abundance, risk, and diversification -- 2.1 Commodity prices and volatility -- 2.2 Resource abundance and structural change -- 2.3 Implications for long-run growth -- 3. Understanding the boom -- 3.1 How much revenue and when? -- 3.2 Save or spend? -- 3.3 Paying it forward: debt financing -- 3.4 Setting the rules -- 3.5 The quality of public spending -- 4. The construction sector -- 4.1 Construction costs -- 4.2 Firm capabilities in construction -- 4.3 Materials, skills, finance -- 5. Rowing against the current: local content -- 5.1 The political economy of local content -- 5.2 Linking industry to the resource -- 6. Conclusions -- References -- PART I: FRAMING THE ISSUES -- 2: Understanding the Boom -- 1. Introduction -- 2. Sequence and timing -- 2.1 A sequence of asset transformations -- 2.2 The legal and institutional context -- 3. The literature -- 3.1 'Dutch disease' and volatility -- 3.2 Natural resources and institutions -- 4. Magnitudes -- 4.1 The construction sector and jobs -- 4.2 The environment for private business -- 4.3 Fiscal and monetary policy management -- 5. Institutions and policy stance -- Acknowledgements -- References -- 3: The Construction Sector in Developing Countries: Some Key Issues -- 1. Introduction -- 2. Background -- 3. Construction costs across t…