ABSTRACT

By the end of the 1980s, the development community was willing to acknowledge that macroeconomic reforms could have an impact on the natural resources of a country undergoing structural adjustment. Intuitively, it stood to reason that any country seeking to change relative prices throughout its economy, liberalize its trading relations with the rest of the world, and increase the contribution of the tradeable goods sector could not help but change patterns of production and consumption and, consequently, the management of its natural resource base.