This book aims to foster a better understanding of the particular challenges faced by resource-dependent countries or jurisdictions in managing their resource revenues through natural resource funds (NRFs). It explores the varieties of natural resource management strategies as dictated primarily by domestic politics, and how the potential negative distributional consequences of resource wealth management (the resource curse) may add political dimensions and potential conflicts to decisions about NRFs in ways that other sovereign wealth funds (SWFs) do not experience.By bridging the existing academic and practical knowledge gap arising from the limited attention given to the domestic politics of NRFs and state-society relations, this edited book is a valuable resource for academics, policymakers, and civil society actors in resource-driven economies and especially those interested in learning from comparative experiences of natural resource wealth management through NRFs.

Eyene Okpanachi is Marie Curie Fellow at the University of South Wales. He was

previously Banting Postdoctoral Fellow at the University of Victoria and Vanier

Canada Graduate Scholar at the University of Alberta.

Reeta Chowdhari Tremblay is Professor of Comparative Politics and former Provost/Vice President Academic at the University of Victoria, Canada. She is Past

President of the Canadian Political Science Association (CPSA).

Autorentext

Eyene Okpanachi is Marie Curie Fellow at the University of South Wales. He was previously Banting Postdoctoral Fellow at the University of Victoria and Vanier Canada Graduate Scholar at the University of Alberta.

Reeta Chowdhari Tremblay is Professor of Comparative Politics and former Provost/Vice President Academic at the University of Victoria, Canada. She is Past President of the Canadian Political Science Association (CPSA).

Inhalt

Chapter 1: Introduction: Natural Resource Funds (NRFs) as Institutional Solution for Avoiding the Resource Curse Eyene Okpanachi, Reeta Tremblay, and Andrew Bauer

Part One: Theoretical Perspectives

Chapter 2: Decision-Making and Natural Resource Funds (NRFs): An Overview Yi-chong Xu

Chapter 3: The Ethical Dimension of Managing Natural Resource Wealth: The Logic of Democratic Ownership of Natural Resource Funds (NRFs) Angela Cummine

Chapter 4: A People-based Regulation of Non-renewable Natural Resource Funds Temitope Tunbi Onifade

Chapter 5: Fiscal Rules and Institutional Structure of Natural Resource Funds David Mihalyi

Chapter 6: A Theoretical Framework for Studying NRFs: Historical Institutionalism and Coalition Politics Eyene Okpanachi** **

Part Two: Country Cases: Decision Making and Political Conflicts over NRFs

Chapter 7: Alberta (Canada): The Alberta Heritage Savings Trust Fund Allan Warrack

Chapter 8: Nigeria: Between Excess Crude Account (ECA) and the Nigerian Sovereign Investment Authority Eyene Okpanachi

Chapter 9: Northwest Territories (Canada): Northwest Territories Heritage Fund Andrew Bauer

Chapter 10: Kazakhstan: The National Fund for the Future of Kazakhstan (the oil fund) Paolo Sorbello

Chapter 11: Venezuela: Macroeconomic Stabilization Fund and National Development Fund Christi G Rangel Guerrero

Chapter 12: Mexico - Oil Revenues Stabilization Fund Cristopher Ballinas Valdes

Chapter 13: Iran - National Development Fund Sara Bazoobandi

Chapter 14: Gabon: Gabon Sovereign Wealth Fund Anja Osei / Christian Wali Wali

Chapter 15: Botswana: The Pula Fund David Sebudubudu

Chapter 16: Chile: Pension Reserve Fund and the Social and Economic Stabilization Fund Andres Solimano

Chapter 17: Ghana: Ghana Heritage Fund and Stabilization Fund Nathan Andrews

Chapter 18: Timor Leste: Petroleum Fund of Timor-Leste Nik Soni

Chapter 19: Conclusion: Comparative Synthesis and Directions for the Future of NRFs Andrew Bauer and Eyene Okpanachi