September 2013:
EARTH’S PRECIOUS RESOURCES
Too Much of a Good Thing?
Chris Geiregat and
Susan Yang
For natural resource riches to drive growth
and reduce poverty, countries must balance
spending now with investing in the future
A Drop in the Bucket
Peter H. Gleick
Successful management of water must balance
development needs and economic
considerations
On the Edge
Thomas Helbling
How oil markets will adjust to high prices
is unclear
Extracting Resource Revenue
Philip Daniel,
Sanjeev Gupta, Todd Mattina, and Alex
Segura-Ubiergo
For countries with abundant oil, gas, and
mineral deposits, formulating tax and
spending policies can be tricky
The Elusive Revival
Andrew Warner
The expected boost in growth from natural
resource booms is not yet happening
Capital Flight Risk
Rabah Arezki,
Gregoire Rota-Graziosi, and Lemma W. Senbet
Natural-resource-rich countries risk capital
flight as multinational corporations seek to
avoid taxes
Picture This: Minerals of the Future
Glenn Gottselig
A secure, green, and innovation-filled
future awaits us, but only with the help of
rocks buried deep in the ground
Also in This Issue
A Bumpy Road Ahead
Sebastián Sosa and
Evridiki Tsounta
Latin America needs large and sustained
productivity gains to maintain its recent
strong growth
Closer to Home
Hideaki Hirata, M.
Ayhan Kose, and Christopher Otrok
Despite all the talk of globalization,
business cycles seem to be becoming more
regional
A Big Question on Small States
Sarwat Jahan and Ke
Wang
Can they overcome their size-related
vulnerabilities and grow faster and more
consistently?
Beyond the Household
Ralph Chami and
Connel Fullenkamp
Remittances that migrants send home to their
families also have a major impact on the
overall economy
Strength in Lending
Tümer Kapan and
Camelia Minoiu
Strong balance sheets help banks sustain
credit to the economy during crises
DEPARTMENTS
From the Editor
Letters to the Editor
People in Economics
Back to Basics
What Is the Output Gap?
Sarwat Jahan and Ahmed Saber
Mahmud
Economists look for the difference between what an
economy is producing and what it can produce
Book Reviews
The Rise of the People’s Bank of China, Stephen Bell and Hui Feng