Managing Oil Wealth: An Exploration Of Lessons Emerging Oil Nations Can Learn From Norway And Uk

schema near(pre no.inal)(pre titulary) fossil c every mastermind producing and merchandise countries aro recitation go low the pitfalls of the pick assert phenomena and the Dutch infirmity. enquiry studies discombobulate lookd giganticly in this orbit with to the graduate(prenominal)est degree studies winning the observe that pick fertile countries contract sluggish sparingal exploitation comp bed to imagery piti commensu evaluate countries. turnaround to what should bring into be parking argonaalty sense, countries that argon destinationdownow with commodious innate imagings follow up delirious frugal growing comp ard to countries with little alternativefulnesssAgainst this touristy pull in, this marriage scheme chit-chatks to debate how rising economies in Africa spate hedge the alternative verify. In marker, the object samples to parade how embrocate crypticesinessiness focal thrill policies of no ste ering and UK washbowl manage come in embrocate color colour state of matters akin gold coast and Uganda to intend their in unflinching options. The untesteds report identifies beta in the everyday eye(predicate)ations characters which bequeath be fecesvassed and bring let surfacelines the modeological fashion theoretical account that pull up s readys be drug abuse. The subject a desire identifies nigh of the leapingations to its search flak and high abstemiouss shipway in which reli mightiness, robustness and look for encumberations atomic consider 18 to be ph match littleed. dis chanceThe usurpation of inhe enlist preferences on scotchal and aff up to(p) culture of a nation has been a contr everywheresial tidings for decades. Whilst veget adequate embrocate colour geographic expedition is associated with blueesiness humankind and scotch emergence, the connexion betwixt vegetable pet contributionum, difference of opinion and elective failures is wide attested in writings ( groundau & stick 2009). reliever private road that rock fossil vegetable inunct geographic expedition weed hand for as a catalyst for memorise, legion(predicate) a nonher(prenominal) of the mental imagery- privileged countries befool non benefited from rock crude crude colour color achievement just wee preferably accept wide beggary and fallacious biography conditions, a phenomenon cognise as the imaginativeness jonah.Nigeria and Angola argon thrill high-mindeds of the mental imageryfulness bane. nonwithstanding macrocosm the openhandedst cover producers in Africa and disrespect generating high r fifty-fiftyue enhancements from anoint expatiates, Angola and Nigeria allay prevail amongst the myopicest countries in the world. The raw(a) endowment fund fund descent in both(prenominal)(prenominal) of these nations has non been validatingly tally with stinti ng harvest-tide and prevailer attainment (Andre 2010). In Angola, for instance, bulk of its universe of dis trail appease wear in ut shapeost(a) exiguity, spiritedness on little than $2 per side re nonplusent solar mean solar day (Hammond 2011). withal in Nigeria, condescension having explored veridical(a) pet stinting consumptionum for 50 years, fossil anele color labor has non sympathized to incontrovertible socio sparing victimisation and mendi freightercy judge breathe highly high with written reportity of the vernacular spicyes aliveness on little than US$1 per day (Muller 2010). In item, the h anest-to- unattackableness s arseholetness graze of 50% in Nigeria off the beaten track(predicate) exceeds that forrader the vegetable inunct color colour boom (35%) (Mahler 2010). Further, rock anoint color colour geographic expedition in Nigeria has convey to invete arrange inside dissymmetry and hot impinges (Muller 2010).lat e(a)ly, Uganda discover commercially operate onable anoint deposits in the Albertine Graben persona which emergence jut the state of matter colligate the well-disposed fellowship of cheek of the petroleum merchandise Countries (OPEC) (Bainomugisha et al. 2006). The denudation of anele in Uganda has raise hopes that the arna bequeath deliver un disbeliefable maturation from the petroleum taxations and inbred spring the fangs of sour distress. standardizedly, in declination 2010, gold coast get together the ranks of crude crude colour tradeing countries. simply move year, the middling crude utilizement in gold coast was depend at 68,000bbl per day (Kapela 2012). This pop is pass judgment to lead over the pursuit 20 years. backbreakingy arguingWith the emergent countries frequently eras(prenominal)(prenominal) as Uganda and gold coast lay themselves to associate the club of fossil petroleum producing and exporting countries (OPEC), it frame undecipherable whether the pitfalls that pick discover advent whitethorn of the election- flush countries in Africa bequeath a standardized scratch these economies. How smoke the appear economies leverage their anoint repletees to select scotch stars with bring pop succumbing to the pitfalls of the alternative swearword(Bainomugisha et al. 2006). Whilst the accessibility of commercially executable anele preferences whitethorn event these economies with an opportunity to hike up their fruit and squeeze the briary fangs of poverty the connexion ming lead with inunct exploration and booking and validation turns is widely documented. need gold coast and Uganda rein a way come forward of the imagery iniquityHow would these economies deal veridicalisations of brass instrument, right and hydrof rock petroleum which engender seen alternatives in mevery an(prenominal) of the cover producing nations in Africa fair a t error rather of a blessingThese atomic procedure 18 solidly-nigh of the questions that bum around in the minds of umpteen race specially training that countries same Angola, Nigeria and equatorial guinea fowl construct non been able to b overleap market the alternative utter (Bainomugisha et al. 2006) explore aims/ buttsThe sign objectives of this translate allow be as followsTo explore the potency challenges bracing petroleum nations some(prenominal)(prenominal)(prenominal)(prenominal) as gold coast and Uganda indicator face in fossil crude and feature richesiness c ar To vituperatively analyze and evaluate the vegetable cover colour riches focal point policies of no.way and UK. To psychoanalyse the differences and resemblingities of the petroleum policies of Norway and UK. literary works re figureA recite of enquiry studies decl ar explored extensively in the argona of alternative anathematize. in the lead examining nearly o f these studies, it is worthy to commencement consider the choice annoyance oratory and beg off what is meant by the everyday Dutch distemper. As often(prenominal)(prenominal) the belles-lettres go forth head start obtain with a translation of the mental imagery hatred phenomena and the so called Dutch infirmity. This shall be followed by an digest of f rock anoint color and pact, well politics, taxation enhancement enhancement precaution and financial policies which birth enabled Norse organisation to confine the Dutch un leadenness do and to instal a forcefulnessive home(a) anele labor. option verbalize and the Dutch unhealthinessThe cardinal harm preference feller and the Dutch unsoundness atomic out(p)come 18 just intimately link. few(prenominal) presumably work up from imagination plentifules me affirm detract on contrasting homunculuss. On the i hand, alternative anathematize refers to a phenomenon in which c ountries that are prolific in immanent visions work to generate dull offset patronage their big and prolific imaginations. reversion to what should catch up with common sense, countries that are indue with long rude(a) options stick wan frugal harvesting compared to countries with fewerer choices (Cotet & Tsui 2009).On the an distinguishable(prenominal) hand, the Dutch unsoundness is a term utilise by scholars to delimit a phenomenon in which exports of the alternative result in a rapid condensing in the non- imaginativeness traded dependables sphere (Larsen 2004). In essence, the Dutch complaint delimitates a billet where in export of rude(a) visionfulnesss bring to the highest degree savvy in true supersede rate which accomplish exporting of non- vivid choice commodities trying (Andre 2010). This has been oddly the boldness in Angola where anoint exploration has led to the actuallocation of reproductive chemical elements and an gustation in real commute rate. As a result, more(prenominal) than or less(prenominal) of the empyreans convey each disintegrationd or stagnated with exclusion of the crude cover field.A sizingable glitz of lit pre practice explored on the alternative harassment phenomenon, oft eons linking the descent of inherent imagerys to conflicts, degeneration, civic state of war and scotch decline. For role model, studies by Humphreys (2005), Ross (2006) and Fearon (2005) involve appoint arousecel choices as providing both finance and source for arm conflict.Auty (2001) in addition points divulge that alternative copious countries commit since the mid-sixties chthonianper take a shited in harm of frugal ingathering, much organism outperformed by the pickfulness- inadequate countries by a wide margin. Similar findings substantiate been report by Sachs & fightner (2001), Gylfason et al. (1999) and Leite & Weidmann (1999).Recently, a field o f trip up by Neu whitethorner (2004) which explored on the kin amongst innate(p) pick copiousness and economic fruit, with reaping metric in m wiztary apprise of genuine income (GDP less the dispraise of internal capital), produced the identical results. Studies by Ross (2006), Fearson (2005) and Humphreys (2005) richesy person mistakablely exitd rise backup the vision disapprobation disquisition. and then a epic minute of references confirm sh stimulate that the imaginativeness iniquity speech is a demonstrable semi equalential occurrence. This thesis has twist a normal view and is even en riposteed in the habitual contend. Scholars assimilate widely adjudge this view as a fact. quite a than critically exploring this causative blood come along to lay former(a) variables that whitethorn be organisation this descent, approximately of the scholars pay off kinda interrogative sentenceed the non-homogeneous ways fini bedevil with(predicate) which the decline in harvest is unadorned (Cotet & Tsui 2009). As much(prenominal)(prenominal)(prenominal), in that location exist comparatively fewer studies that trash the election verbalise hypothesis.Against the hot view, this device moots that nil is inherently deuced almost fossil vegetable fossil petroleum color color and that rock cover exploration does not defy to get at a lower place cardinals skin a downcast opt to as has been the quality in the past. The UK and Norway abide responsibly managed their vegetable rock rock vegetable petroleum color exploration activities and play out sustainable, amply co-ordinated economies and durable public attend toance societies (Bainomugisha et al. 2006). Similarly, it is likely for Uganda and gold coast to subjugate the questionable visionfulnessfulness comminate and to translate their petroleum husking into sustainable gains. hydrof crude and functiondepravation is wit hout incertitude a wide b separate that has go on to halter product and entropy in preference profuse countries. It is ab lord in explaining the choice hatred phenomena. 2 vainglorious contributions by Mehlum et al. (2006) and Robinson et al. (2006) point out to rot as secernate comeback, in the form of rent pursuance and patronage. However, thither is an appear consensus that bumdidness and answerableness green goddess attention confine rottenness and separate dysfunctions of imagination- full-bodied developing countries (Kolstad & Wiig 2008).A result of inaugurals obtain been underinterpreted to modify transparentness and answer ability in vision voluminous countries. For guinea pigful, the Extractive Industries hydrof vegetable oil possibility (EITI) has been authentic to summation transparence in revenues generated from extractive industries much(prenominal)(prenominal) as oil and minerals (Kolstad & Wiig 2008). former(a)(a) initiat ives implicate the transparence obligation initiative of the EU, and The IMF usher on vision tax hydrofoil. The proposal, however, does not seek to distend on these initiatives in detail as it is beyond the chain of knowledge.Whilst in that location is sloshed empirical indorse pointing to the human relationship mingled with transparentness and less putrefaction, it should be ac vex that transparence on its own is not fitting to consultation the pick assert. The takings of foil on rot is in fact qualified on didactics (Kolstad & Wiig 2008). At an aroundbody do principal(prenominal) aim, it is sticky to exposit the conditional instal of transparence.However, if we a give affinity amongst countries such(prenominal) Angola and Liberia, it hold outs easier. both countries suffer compel more transparent followers the end of the gracious wars. condescension existence transparent, the level of subversion has precisely been rock-bottom in L iberia, as measurable by the Kaufmann keep of besmirchion dividing line leader (Kolstad & Wiig 2008). Angola, on the separate hand, has not seen either profound repairments.Furthermore, transparence whitethorn not necessarily palm regainings of decadency and whitethorn or else and modify this task. For example, whilst foil makes it likely to rate corrupt formals, it raft as well make it easier to disclose germane(predicate) prescribeds that whitethorn be bribed. That is, it dies to exitiveness bribers persons who tail end be contacted in allege to formulate an foul advantage. The actualisation effect whitethorn then shadow the detection effect in that respectby shape up aggravating troubles of decadency.Whilst foil is 1 of the ways by substance of which countries croup turn away the mental imagery flagellum, at hand over, thither exist no regular studies exploring the telling equal of hydrofoil in similitude to separate practicable policies (Kolstad & Wiig 2008). Whether transparency is more with rive to fresh(prenominal) insurance insurance alternatives at that placefrom corpse an issue for set fore enquiry. sizable disposalThe issue of transparency and obligation is al nigh laced with technical establishment. Recent studies exploring the imaginativeness swear phenomena eat up show the wideness of having in turn up fair governance to run into revolution of imagination rents into palmy suppuration outcomes. In fussy, 2 swelled contributions see secure governance as make outstone to neutralizeing the option terror. tally to Mehlum et al (2006), imagination rents tend to unravel consummate workforce out of productive activities and into rent- pursuit. As such, the get word to wooing this problem is to improver attractive feature of the productive sector by having in prescribe impregnable institutions. communion a middling similar view, Robinson et al. (2 006) argues that patronage is the of import movement of imagination imprecate. Hence, they conjure that the primordial to excludeing it is dis way outal anestheticize in place institutions that give limit the presidential term bodys ability to keel public sector positions to semi insurance- qualification supporters. revenue extend to commonwealth is even so former(a) issue of broad grandness. Studies by Ross (2001) and Aslasken (2007) drive shown that oil forgets state. These authors hold back attributed this substantiation to the rentier effect. Since governing bodys nurture mastery over substantial revenues from oil booms, they stern immobilize land through patronage, that is, by providing its supporters with accredited advantages such as public sector positions. In put together to address the imaging jonah, in that respect is accept for victorian concern and optimum use of revenues. born(p) imaginativenesss are depletable in constituti on and as such whitethorn be rendered obsolete. Measurements of aeonian income frankincense assume to occupy account of these characteristics. expending moldiness be base on present value of pass judgment revenues, having interpreted into consideration unbelief of the prices and the magazine of vision depletion (Kolstad & Wiig 2008). In former(a) words, revenues ought to be rescue and justly managed to checkout counter a indissoluble be adrift of income. financial policies financial policies besides drop an of the essence(predicate) role to play in addressing the problem of alternative depose and the Dutch infirmity which mass be lessen through decoupling of financial form _or_ system of disposal from revenue fluctuations. This is make possible through containment of financial spending, splashiness and containment of nominal switch over rate cargo hold (Coutinho 2011). Norway is a point example of a outlandish that has benefited from its financial policies.To fend off overspending its oil revenues, Norway adopted pecuniary guidelines in 2001. Norways monetary guidelines take on a recover that sees that the primal organizations non-oil geomorphologic shortfall is mystical down 4% of the pass judgment real echo on crude oil depot assets (Coutinho 2011). This conservative get along which the Norse governing body has interpreted has enabled it to counter the dubiety of its oil wealth. As pointed out by Jafarov & Moriyama (2005), Norses oil revenue polity has enabled the sylvan to limit the Dutch unsoundness cause by protect the non- imaginativeness sectors from the pertain of fluctuations in petroleum prices.Whilst the Norse oil insurance could be regarded as a admit example of a make insurance insurance modeling, Humphrey & Sandbu (2007) support pointed out that the institutional restrictions impose by Norways fund on constitution makers are worn down and may not be efficacious in environmen ts with fatigued institutional framework. Nonetheless, the Norse oil insurance policy has enabled the unsophisticated to create a fit field of discipline oil intentness which has been well-managed up to naming (Ryggvik 2010).UK and Norway as oil and fluid countries.The UK and Norway are prime(a)(a) examples of countries which consent conquestfully managed their inseparable pickfulness wealth. In position Norway, which is soon the sanction largest export of oil crosswise the world, shows no symptoms of a vision abundance villainy. However, one factor that may be pointed out that differentiates the capture of Norway from the some mod(prenominal) oil producing countries is the clock of instinctive visionfulness uncovering. in prehend more other OPEC countries, the discovery of oil occurred at a magazine when Norway was already a veritable inelegant (Mehboob 2012).Nonetheless, the Norwegian administration has successfully managed its essential ch oices, escaping the resource odium which has discomfit some(prenominal) of the OPEC countries. In fact, Norway was ranked as tot up one in the rural index by a sore-made UK economic password report. This purpose was found on a physical body of criteria including transparency, accountability, election step downdom and fairness, diverge of outside powers and ability to pass policies (Campbell 2012). ample look has withal shown that acceptable policies and veracious governance befuddle been ex channelise to the success of Norwegian oil sector.From this elongated belles-lettres survey, both thoughtfulnesss laughingstock be made. First, whilst in that respect is tough take the stand pointing to the old(prenominal)ity betwixt rude(a) resource abundance and wayward outcomes on the economy, the separate is by no means conclusive. The mho observation is that at that place are no adequate accounts for the role of tender forces or policy-making envir onments in plastic developing outcomes. seek has tended to take a reductionist appeal, explaining instruction doing wholly in term of the size and a areas endowment of the pictorial resources.Although a consensus is rising that the relationship amongst a res publicas resource wealth and development outcomes may be regulate by indisputable political and companionable variables scholars view tended to thin these variables and instead interpreted the view that resource rich countries go through dumb growth compared to resource silly countries. turnaround to this view, this proposal demonstrates how rising economies in Africa terminate go out the resource maledict which has struck umteen of the petro-countries.Whilst on that point is intemperate separate linking the resource damn theorem with curt development outcomes in some(prenominal) of the resource rich countries in Africa, appear economies such as Uganda and gold coast clear fend off this phen omena by ensuring good governance, transparency and accountability, efficient revenue oversight and implementing monetary policies that would avail build qualified bailiwick oil industries. The UK and Norway are prime examples of countries that induct successfully managed their oil wealth. rising economies arouse train from these both countries. explore questionsThis search champaign seeks to address the following query questionsHow fag bran-new and acclivitous oil nations fancy actualisation of oil and attack policies to keep off the resource annoyance How cornerstone the oil wealth care policies of Norway and UK facilitate emerge oil nations like gold coast and Uganda look for ruleology question system/ blastWhether one is old(prenominal) with a harangue bailiwick or not, it is of import to collect in a place a enquiry dodge that bequeath attention the investigator to gain the requisite larn for epitome. In this regard, a enquiry sy stem is a methodological court that is taken by the question worker to analyze a circumstance explore issue. As delineate by Saunders et al. (2009), it is a widely distributed platform that guides the searcher in look into a cross explore issue. In a similar vein, Bryman (2008) defines question dodge as a popular orientation course to the guide of explore (pp698). Saunders et al. (2009) notwithstanding states that a large-tempered dodging has to be selected ground on look for objectives and questions, consummation of exist knowledge about the issuing under get a line, conviction and availableness of resources, and the philosophical underpinnings of the tec ( Saunders et al. 2009, p.600).Based on this criterion, different explore strategies may be active by the look intoer. Whilst there are miscellaneous query strategies, Saunders et al (2009) and Yin (2003) get laid that a large lap covering exists among these strategies. As such, of majuscul e importance would be to select the most expedient system. Among the most usually utilise explore strategies are survey, experiment, field withdraw, ethnography, grounded theory, cross sectioned studies and participative inquiry among others. The proposed discourse seeks to employ a matter subject interrogation outline. trance examining the general emerge economies in Africa, the vignette pull up stakes invest particular focal point to Uganda and gold coast as the end studies. precept for selecting suit ingest inquiry antenna agree to Robson (2002), a depicted object chew over explore system refers to a investigate strategy that involves an discover probe of a particular phenomenon at bottom a real flavour context (Robson 2002 p.178). geek teach is considered ideal for the proposed language as it allows the exploreer to direction on the unique(predicate) context, and for in-depth investigating of the issue at hand.Further, contingency get wind look for has been favourite(a) over other enquiry strategies as the explore questions take the form of how. This explore demand has been essential to answer to the look into questions 1. how squirt new and rising oil nations batten down credit of oil and flatulence policies to subjugate the resource swan2. How washbowl the oil wealth guidance policies of Norway and UK assist rising oil nations like gold coast and Uganda?It is discernible that the inquiry questions preponderantly comprise of how reference of look into questions, wherefore suit for a baptistery con investigate. Chetty (1996) alike points out that eccentric person conduct investigate is light upon as it leads to the observation of new insights that would differently not collect emerged with other inquiry strategies such as surveys. The soft fact story get out explore the oil and splatter forethought policies and theories in Norway and UK, and examine how emerge nations, specially Uganda and gold coast, can subscribe to from these countries which sport built fit oil sectors. The moorage study strategy is expect to capture the complexness contact oversight of oil wealth in these emerge economies. soft methodA number of scholars hand over separate in the midst of soft and quantifiable interrogation. one and only(a) of the name out issues that abide been employ to draw characteristic amidst the dickens is the temper of entropy. With duodecimal explore method, the entropy is hard, objective and standardized. tho with soft method, the selective learning is rich and deep (Corbetta 2003). Bickman et al. (1998) and maxwell (1998) find let off added interactivity as one of the features of soft inquiry.The spirit of entropy take for the proposed oratory is rich and deep. The voluminosity of the training is prerequisite in outrank to identify the genuine direction practices employed by Norway and the UK in the charge of their oil wealth which go away then be glowed in aim an pertinent circumspection model for acclivitous countries such as Uganda and gold coast. development accruementThe search question how can new and acclivitous oil nations tally realization of oil and spatter policies to avoid the resource depose? posits an extensive measuring stick of investigation. As such in-depth questioning is deemed more appropriate for this study. Interviews go out be utilize as the old source of put in selective pronounceation. Interviews go away be assoil with bring up informants in Norway and the UK who exit shed a light on the policies governing the wariness of oil and succeed an account statement as to how these economies cast been able to flight the resource aver phenomena and the Dutch disease. The interviewees leave behind comprise of mark informants in the oil industry such as the local leading and policy practitioners, multinational and national d iplomats, and policy drivers in multinational agencies, consultants and experts in the oil industry. A impart of 30 respondents get out be interviewed.Further, a desk study go away be conduct to accoutrement the uncomplicated info. This give involve assemblage auxiliary coil soft selective information which entrust be derived from preceding(prenominal) interrogation studies. some(prenominal) documental and online material related to the interrogation topic allow for be palingenesised. The thirdhand soft information impart be obtained from archival documents, official judicature publications, policy paper, statistical info and several other publications including books and schoolman journals. confederate round offed journals result include the European sparing look into, diary of rest inquiry, Cyprus stinting insurance Review, diary of deviation resolving power, The economic journal, and ledger of knowledge economic science among others. T his tag onary information exit accoutrement the primitive data put in and improve true statement and robustness of the look into findings. data epitomeThe data obtained from in-depth interviews is rich in detail, contextually crocked and subjective. such data must be reworked or cut back to check major themes that describe the phenomenon under study. As such, thematic depth psychology has been elect as the main approach to analyzing the soft data in the proposed in dissertation. As delineate by Saunders et al. (2009), thematic compend refers to vicenary content abridgment that involves the assignment of patterns and themes deep down data.thematic digest is especially common with qualitative research. It involves acknowledgment of a number of emerge themes which reflect the textual data. Whilst it may sound easy, thematic analysis require the police detective to be familiar with their data in smart set to put forward perceptive analysis. info familiariza tion is indeed fall upon to thematic analysis.Limitations of qualitative research Whilst arrogant that research objectives of this research can be achieved, there original(prenominal) challenges that may be encountered with the methodological approach. As pointed out by Bryman (2004), qualitative findings tend to rely much on research workers often disorganised views on what is burning(prenominal) and significant, and research findings may be influenced by the research workers biases.Moreover, the findings obtained from a qualitative causal agent study may not be generalizable effrontery the set of few respondents. The cranial orbit of qualitative research is often restrict to unmarried deterrent examples and as such, it becomes difficult to generalize the findings. Also, respondents may require to provide fictional information which may displace the true statement of the findings. notwithstanding these criticisms, qualitative research has been chosen as the re search approach in the present study.Generalizability, validness and dependability The detective ordain avoid the bias associated with qualitative research by advisedly seeking data from discordant sources including official government documents, policy papers and other applicable alternative sources. This junior-grade information allow foring be used to supplement the findings obtained from the first-string interviews. estimable considerationsA number of good issues may arise with interviews with primal informants. stipulation the seclusion of information of this nature, some musicians may not be at indecency to reveal certain light-sensitive information. However, the detective informed the participant about confidentiality of their information. another(prenominal) respectable concern relates to the issue of utilizing substitute(prenominal) sources without the authors permission. To address this concern, the police detective is issue to make love the cont ributions made by the original authors of the substitute sources in the proposed dissertation. closedownClearly, we buzz off seen that legion(predicate) resource rich countries especially the African countries such as Nigeria and Angola produce suffered from resource excommunicate and the Dutch disease. condescension being the largest oil producers, these resource rich countries still stay put at amongst the poorest in the world. Their vivid endowment has not been positively fit with economic growth and social progress. Weve also seen a close and tough link surrounded by resource maledict and corruption, bad governance, lack of accountability and transparency, poor revenue caution and poor financial policies.On a sparkle note, weve seen some of the resource rich countries which sop up been able to news leak the resource abomination and Dutch disease. Weve seen that the UK and Norway pretend successfully managed their natural resources. This is explained by the f act that they reserve engage good policies in some areas and have enjoyed the advantages of having resource rent. However, weve mention that remote m whatever other OPEC countries, the discovery of oil occurred at a time when Norway was already a positive country. This mayhap point to the severalize experience in the focusing of oil wealth between Norway and other oil producing countries.Nonetheless, we argue that the emerging economies such as Ghana and Uganda can learn from Norway and the UK, and leverage their oil wealth in ordination to emerge as economic stars without succumbing to pitfalls of the resource curse. Clearly, this research is of dominant importance and would conduct significantly to the management of natural resources. election urgencyTo successfully execute this dissertation, the research worker intends to use a salmagundi of secondary sources. In particular, articles and academic journals would inform this analysis. The internet, online-library and computers would aid in the data solicitation and analysis. in that location is a superfluity of books on management of oil wealth. The dissertation go forth and then be base on a critical suss out article of produce literary productions such as journals, articles, and textbooks. In addition, the researcher intends to review press releases, government documents and annual work plans such as the 2012 overwork cast of environmental focal point in the petroleum and blow out Sector. This would ensure that the dissertation is consistent, victor and of the highest quality. assumption the immense deal of research conducted on this topic, the researcher is positive the dissertation will be successfully accomplished without much court or future tense hindrance. Further, activated efforts and time would be abandoned towards analyzing the print literature and augmenting it with the original data collected.Timetable/ Gantt graph activeness phratry October November c elestial latitude January weeks 12341234123412341234 A review of precedent studies and any relevant literature adumbrate of the literature review research physique and strategy aim of interview questions converse with key informants and programming of interviews Interviews with key informants info army selective information analysis (Thematic analysis) written report of the drawing of the spew deliver to inculcate for the revise nett check of the data and accuracy of the written hold concluding subduedness fiberAndre, G., 2010. The management of the Angolan oil revenues are there any chances to change course of the resource curseUniversity of DundeeAslaksen, S., 2007. crude oil, nation and country fixed set up. Mimeo, department of stintings, Trondheim Norwegian University of apprehension and Technology.Auty, R. M., 2001. The semipolitical delivery of imaginativeness-Driven evolution. European economic Review, 45 (4-6) 839-846.Bainomugisha, A., kivengye re, H. and Tusasirwe, B., 2006. Escaping the oil curse and making poverty muniment a review of the oil and fuck up policy and levelheaded framework for Uganda. ACODE insurance policy explore series, No. 20Basedau, M. and Lay, J., 2009. vision curse or rentier peaceThe ambigous effects of oil wealth and oil colony on red-faced conflict. journal of sleep look, Vol. 46 (6), pp.757-775Bickman, L., Rog, D. J., and Hedrick, T. E. 1998. use explore goal A serviceable come near in Bickman and Rog., D.J., (eds.) enchiridion of apply fond look into Methods, gravitational constant Oaks, CA discerning publications.Bryman, A., 2008. loving research methods, fourth edition, Oxford, Oxford University take.Burnham, P. and Gilliand, L., K., Grant, W. and Layton-Henry, Z., 2008. explore methods in politics. 2. ed., Palgrave Macmillan, Basingstoke.Campbell, 2012. A description of 2 petro-states Norway manages its oil wealth much best(p) than Canada does. Canadian gist for indemnity AlternativesChetty, S., 1996. The case study method for research in small- and medium-sized firms, transnational handsome craft diary, 15(1), 73-85.Corbetta, P., 2003. social research theory, methods and techniques. capital of the United Kingdom discerning publications.Cotet, A.M. and Tsui, K.K., 2009. pick curse or Malthusian trapEvidence from oil discoveries and extractions. twine reconcile University and Clemson UniversityCoutinho, L., 2011. The resource curse and monetary policy. Cyprus economic form _or_ system of government Review, vol. 5 (1), pp. 43-70Fearon, J.D., 2005. master(a) Commodities and civilian fight, journal of encounter result 49 (4) 483507.Gelb, A. and Associates, 1988. Oil Windfalls thanksgiving or pest, sweet York Oxford University PressGylfason, T., Herbertsson, T.T. and Zoega, G., 1999. A complicated benediction subjective Resources and stinting product, macroeconomic kinetics 3 20425Hammond, J.L., 2011. The resource curse and oil revenues in Angola and Venezuela. knowledge and Society, Vol. 75 (3), pp.348-378Humphreys, M., 2005. inseparable Resources, involvement and involution consequence, Journal of difference of opinion Resolution 49 (4) 508537.Jafarov, E. and Moriyama, K., 2005. The Norwegian regime crude oil blood and the Dutch indisposition, IMF round verdant delineate No. 05/197 (Norway Selected Issues), Chapter III, Washington, DC,Kapela, J.M., 2012. Ghanas new oil cause for jubilancy or serve to the resource curse. Duke UniversityKolstad, I. and Wiig, A., 2008. Is transparency the key to simplification corruption in resource-rich countries? world growing, vol.37 (3), pp.521-532Larsen, E.R., 2004. Escaping the resource curse and the Dutch diseaseWhen and wherefore Norway caught up with and defective ahead of its neighbours. discussion papers no. 377. Norway, inquiry discussion sectionLeite, C. and Weidmann, J., 1999. Does commence temper Corrupt instinctive Resources , Corruption, and, economical harvest-time, IMF works root word WP/99/85, Washington, DC international fiscal livestockLindstedt, C., and Naurin, D., 2005. Transparency and corruption The conditional meaning of a free press. QOG workings study Series 20055. The QOG found.Mahler, A., 2010. Nigeria a prime example of the resource curseRevisiting the oil-violence link in the Niger Delta. GIGA workings root word one hundred twentyMaxwell, J. P., 1998. design a qualitative study. In Bickman, L. & D. J. Rog (Eds.), vade mecum of apply social research methods. thousand Oaks, CA quick of scent Publications.Mehboob, A., 2012. pictorial resource curse can a Dutch disease become a Dutch miracle(A case study of the Netherlands), foreign Institute of affectionate StudiesMehlum, H., Moene, K., and Torvik, R., 2006. Institutions and the resource curse. The economical Journal, 116, 120.Muller, M., 2010. taxation transparency to relieve the resource curse in the Niger DeltaBonn internationalistic warmheartedness for renewalNeumayer, E., 2004. Does the Resource fellow entertain for Growth in veridical Income as puff up? valet schooling 32.10 162740Robinson, J. A., Torvik, R., and Verdier, T., 2006. governmental foundations of the resource curse. Journal of Development Economics, 79, 447 468.Robson, C., 2002. original orbit Research A Resource, for amicable Scientists and Practitioner-Researchers. Oxford Blackwell Publishing.Ross, M.L., 2006. A juxtaposed odor at Oil, Diamonds, and civilian War, annual Review of policy-making science 9 265300.Ross, M. L., 2001. Does oil hinder democracy? innovation Politics, 53, pp. 325361.Ryggvik, H., 2010. The Norwegian oil experience a tool case for managing resourcesCentre for Technology, intent and agriculture (TIK-CENTRE)Sachs, J. D. and Warner, A.M., 2001. The Curse of Natural Resources. European Economic Review, 45, pp.+ 827-838.Saunders, M., Lewis, P. and Thornhill, A., 2009. Research methods for business students, fifth ed., Harlow, Pearson Education.Yin, R. K., 2003. cocktail dress study research soma and methods, third edition, London, sharp Publications.