RAW MATERIALS AND ECONOMIC GROWTH IN THE DRC: IMPACT OF URGENT GOVERNMENT MEASURES ON RESILIENCE.
Mots-clés :
Variation, costs, raw materials, growth, resilience, 28 government measures.Résumé
Based on the assertion, held since the 1950s, that raw material exports play an important role in economic development and, for some countries, constitute the engine of economic growth; and observing that many countries without natural resources have achieved faster growth, the study poses the crucial question of the relationship between raw material exports and economic growth in light of the 28 urgent measures published by the Government in January 2016 on the resilience of the Congolese economy.
These so-called urgent measures are taken with the aim, firstly, of stabilizing the economy, preserving the gains of growth, and, to a certain extent, preparing the conditions for the economic and social emergence of the DRC; and secondly, of advancing the desired process of diversification of the national economy. To achieve this, these measures are implemented through three axes: (i) increasing the Treasury's financial resources; (ii) rationally controlling the quality of public spending; and (iii) structural reform of the economy.
In short, the export of raw materials alone cannot support economic growth, especially when the revenues are allocated to monuments.
In conclusion, the study proposes the gradual diversification of the Congolese economy and the deepening of values, particularly in the mining, hydrocarbons, and agriculture sectors, without overlooking the need for good administrative, judicial, and economic governance.
Références
A.BOOKS
1.DWIGHT H.P., STEVEN R., & al., The Economics of Development, De Boeck, Brussels, 2008;
2.DAVID de F., JUSTIN J., & al., For Better Governance, A New Framework for Analysis and Action, Nouveaux Horizons, Paris, 2015;
3.KATUMBAY K., Practical Guide to Public Expenditure Procedures, Kinshasa 2014;
4.RICHARD A., Triumphant Growth, A Historical Perspective on the 21st Century, Nouveaux Horizons, Manila, 2000.
B. REPORTS, ARTICLES, AND MISCELLANEOUS DOCUMENTS
1.C.E.S.,The Government's 28 Urgent Measures, as Seen by the Economic and Social Council, Opinion, April 2016;
2.COURT OF AUDITORS, Observations, Draft Law, General Accounts, and Final Settlement of the 2008 Budget, Official Journal, 51st Year, Special Issue, Kinshasa, 2010
3.COURT OF AUDITORS, Audit Report on Pro-Poor Resources 2006-2009, Official Journal, 51st, Special Issue, Kinshasa, 2010;
4.COURT OF AUDITORS, Observations, Law on the Accounts and Final Settlement of the 2009 Budget, Official Journal, 52nd Year, Special Issue, 2011;
5.JEFFREY S. & al., Natural Resource Abundance and Economic Growth, Study Report 513, Haward Institute for International Development, Cambridge, March–October 1995;
6.MINISTRY OF THE ECONOMY, Practical Modalities for Implementing the 28 Measures, Minutes of Meetings, Kinshasa, 2016
7.MINISTRY OF THE ECONOMY, Reduced Version of 28 Measures (5 Priority Measures), Minutes of Meetings, 2016;
8.MINISTRY OF BUDGETS, Government Budget Program, Kinshasa 2014
9.MINISTRY OF BUDGETS, Budget Strategy and Medium-Term Public Finance Trajectory, Kinshasa, 2014;
10.MINISTRY OF PORTFOLIO, Gécamines: Strategic Plan for Sustainable Development, Review No. 002/2014, Kinshasa, 2014;
11.SENATE, Analytical Study on the Contribution of the Mining Sector to the State Budget, Kinshasa, 2013;
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