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008 020129s2017 dcu o i00 0 eng
020 _a9781464810060
_c
_35.00 USD
020 _z9781464810053
035 _a(The World Bank)211005
040 _aDJBF
_beng
_cDJBF
_erda
100 1 _ade la Briere, Benedicte.
_926444
245 1 0 _aFrom Mines and Wells to Well-Built Minds :
_bTurning Sub-Saharan Africa's Natural Resource Wealth into Human Capital /
_cBenedicte de la Briere.
264 1 _aWashington, D.C. :
_bThe World Bank,
_c2017.
300 _a1 online resource (202 pages)
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _adata file
_2rda
490 1 _aDirections in Development;Directions in Development - Human Development
520 3 _aSub-Saharan Africa's natural resource-rich countries have poor human development. Children in these countries are more likely to die before their first birthday, more likely to be stunted, and less likely to attend school than children in other countries with similar income. Despite the current price downturn, extractives will remain an important part of Sub-Saharan Africa's growth story-using resource rents wisely remains a long term challenge. Governments must choose how to allocate resource rents between spending, investing in human or physical capital, or investing in global financial assets. The return to investing in physical and human capital will be high in countries where the capital stock is low. Moreover, higher levels of human capital make investments in physical capital more productive, which suggests that the optimal portfolio will involve investing in both. Human capital should be prioritized in many of Sub-Saharan Africa's resource-rich countries because of the low starting point. Investing effectively in human capital is hard because it involves delivering services, which means coordinating a large number of actors and activities. Three dimensions of governance are key: institutions, incentives and information. Decentralization and leveraging the private sector are entry points to reforming institutional structures. Revenues from natural resources can fund financial incentives to strengthen performance or demand. Producing information, making it available, and increasing social accountability helps citizens understand their rights and hold governments and providers accountable. Improving the quality of education and health services is central to improving human capital. Two additional areas are promising. First, early child development-mother and newborn health, and early child nutrition, care, and education-improves outcomes in childhood and later on. Second, cash transfers-either conditional or unconditional-reduce poverty, increase household investments in child education, nutrition, and health, and increase the investment in productive assets which foster further income generation.
588 _aDescription based on print version record.
650 4 _aEducation
_926445
650 4 _aHuman Capital
_926446
650 4 _aHuman Development
_926447
650 4 _aInstitutions
_926448
650 4 _aResource Rents
_926449
700 1 _ade la Briere, Benedicte.
_926444
700 1 _aDenisova, Anastasiya.
_926450
700 1 _aFilmer, Deon.
_926451
700 1 _aRingold, Dena.
_926452
700 1 _aRohner, Dominic.
_926453
700 1 _aSamuda, Karelle.
_926454
776 0 8 _aPrint Version:
_z9781464810053
830 0 _aWorld Bank e-Library.
_926455
856 4 0 _uhttp://elibrary.worldbank.org/doi/book/10.1596/978-1-4648-1005-3
999 _c5178
_d5178