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Main author:	Hailu, Degol
Other authors:	Weeks, John
Format:	Monographs and Working Papers
Online access:	Click here to view record

Summary:	At a superficial level, the design of macroeconomic policy for resource-rich countries would seem a simple task. The policy goals should be quite obvious: strong growth, economic diversification and poverty reduction. With rare exceptions, these countries are not constrained by the supply of foreign exchange, nor should the governments be budget constrained. The combination of obvious goals and relative lack of constraints would seem to be a recipe for success.