"An exploration of the implications of mineral-led wealth and the opportunities that this creates for economic and social development. The book includes theoretical and policy analyses as well as micro level country case studies, including Norway, Chile, Indonesia, Nigeria and Botswana"--

This paper reviews and summarizes the literature that has concentrated on budget consolidations and their fiscal and economic effects. The issue of fiscal adjustments has again gained importance due to the recent economic crisis and the resulting fiscal imbalances. The existing literature shows...