Report
Commodity Revenue Management: The Case of Chile's Copper Boom
Chile's experiences managing its copper resources are often cited as a success, albeit a recent one. However in becoming the world's largest supplier of the metal, Chile has also grown reliant on the revenues it generates. Since this dependence can be harmful to the economy due to the volatility of copper prices, the Chilean government has taken measures to forestall the impacts of a sudden drop in prices. These measure also seek to address future economic downturns.
This study details the steps Chile has taken to lessen its vulnerability to commodity shocks. It begins with a description of the evolution and current state of the copper industry in Chile. The paper then discusses the government's past and present efforts to collect and administer copper earnings, before analyzing the political, economic and social effects such earnings have. It concludes by considering future scenarios that could potentially impact the the current approach taken by the Chilean government and discusses some policy alternatives.
You might also be interested in
Will the Inclusion of Voluntary Standards in Trade Agreements Lead to More Sustainable Trade?
The use of voluntary sustainability standards (VSSs) and similar systems in free trade agreements (FTAs) is gaining traction. Will it lead to more sustainable production and consumption globally?
Strategic Environmental Assessment for the Mining Sector
Strategic environmental assessments (SEA) are an essential tool for policy-makers working to develop a sector-wide vision for responsible mining.
Blackouts and Backsliding: Energy subsidies in South Africa 2023
Blackouts and Backsliding presents the latest energy subsidy data for South Africa.
Sustainable Asset Valuation of Parques del Río Norte in Medellín, Colombia
This economic valuation demonstrates the benefits of expanding urban green space in the city of Medellín, Colombia.