Overview

Extractive industries have real potential to transform societies for the better. However, fulfilling this potential is neither assured nor automatic. The extraction of non-renewable natural resources (notably oil, gas and minerals) has often led to political instability, revenue management challenges, corruption and increased social tension. It is therefore necessary for resource-rich countries to improve legislative and regulatory frameworks, build institutional capacity and strengthen governance, in order to ensure that the natural resource blessing does not become a curse. Illustrated by case studies of good practice from across the Commonwealth, this book will help government decision-makers ensure that the extractive industries transform society for the better, while also minimising the risk of instability and conflict.

Full Product Details

Author:   Daniel Dumas
Publisher:   Commonwealth Secretariat
Imprint:   Commonwealth Secretariat
Dimensions:   Width: 16.50cm , Height: 0.80cm , Length: 24.00cm
Weight:   0.100kg
ISBN:  

9781849290272

ISBN 10:   184929027
Pages:   38
Publication Date:   01 October 2010
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   Temporarily unavailable  
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Table of Contents

Foreword Introduction   1. National Impacts Macroeconomic and socio-political issues Extractive industries and economic growth Revenue uncertainty and volatility Dutch disease State and public participation in extractive projects Social tension, poverty and conflict The ‘frameworks-institutions-governance’ concept Adequate frameworks Legal and contractual framework Environmental framework Fiscal framework The essential role of institutions Case Study 1. Mineral legislation in the Cook Islands Good governance principles Transparency The importance of revenue management Sterilisation Stabilisation Socio-economic development Case Study 2: Stabilisation and heritage fund in Trinidad and Tobago Saving for future generations Safeguarding EI revenues Local versus central government revenues   2. Regional and Local Impacts Employment and training Local procurement Refining, processing and consuming extractive products domestically Case Study 3: Electricity production from domestic gas in Tanzania Infrastructure development Dispute resolution Employee rights and labour relations Gender Post-closure community viability   3. Summary of Policy Recommendations   Appendix – The Natural Resource Charter

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Author Information

Daniel Dumas is Adviser and Head of Economic & Legal Section in the Special Advisory Services Division of the Commonwealth Secretariat.

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