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This is an open access title available under the terms of a CC BY-NC-SA 3.0 IGO licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. New initiatives recognize that resource wealth can provide a means, when properly used, for poorer nations to decisively break with poverty by diversifying economies and funding development spending. Extractive Industries: The Management of Resources as a Driver of Sustainable Development explores the challenges and opportunities facing developing countries in using oil, gas, and mining to achieve inclusive change.
While resource wealth can yield prosperity it can also, when mismanaged, cause acute social inequality, deep poverty, environmental damage, and political instability. There is a new determination to improve the benefits of extractive industries to their host countries, and to strengthen the sector's governance. Extractive Industries provides a comprehensive contribution to what must be done in this sector to deliver development, protect often fragile environments from damage, enhance the rights of affected communities, and support climate change action. It brings together international experts to offer ideas and recommendations in the main policy areas. With a breadth of collective insight and experience, it argues that more attention must be given to the development role of extractive industries, and looks to the future to explain how action on climate change will profoundly shape the sector's prospects.
Contents
Part I: Overview
1: Tony Addison and Alan Roe: Extractives for development: introduction and ten main messages
Part II: Minerals and Oil and Gas in the Global Context
2: Alan Roe and Samantha Dodd: Dependence on extractive industries in lower-income countries: the statistical tendencies
3: Magnus Ericsson and Olof Löf: Mining's contribution to low- and middle-income economies
4: Paul Stevens: The role of oil and gas in the economic development of the global economy
Part III: The Academic Literature and the Resources Curse
5: Glada Lahn and Paul Stevens: The curse of the one-size-fits-all fix: re-evaluating what we know about extractives and economic development
6: Evelyn Dietsche: Political economy and governance
7: Evelyn Dietsche: New industrial policy and the extractive industries
Part IV: Policy Challenges in the Macro-Management of Extractives
8: Mark Henstridge and Alan Roe: The macroeconomic management of natural resources
9: Frederick van der Ploeg and Anthony J. Venables: Extractive revenues and government spending: short- versus long-term considerations
10: Andres Solimano and Diego Calderón Guajardo: The copper sector, fiscal rules, and stabilization funds in Chile: scope and limits
11: Mahamudu Bawumia and Håvard Halland: Oil discovery and macroeconomic management: The recent Ghanaian experience
Part V: National Institutions of Extractives Management
12: Tony Addison and Alan Roe: The regulation of extractives: an overview
13: Toni Aubynn: Regulatory structures and challenges to developmental extractives: Some practical observations from Ghana
14: James M. Otto: The taxation of extractive industries: mining
15: Patrick R.P. Heller: Doubling down: national oil companies as instruments of risk and reward
16: Ruth Greenspan Bell: Protecting the environment during and after resource extraction
17: Kathryn McPhail: Enhancing sustainable development from oil, gas, and mining: from an 'all of government' approach to Partnerships for Development
Part VI: International Regulatory Concerns and Structures
18: R. Anthony Hodge: Towards contribution analysis
19: James Cust: The role of governance and international norms for managing natural resources
20: Kathryn Tomlinson: Oil and gas companies and the management of social and environmental impacts and issues: the evolution of the industry's approach
21: Catherine Macdonald: The role of gender in the extractive industries
22: Tony Addison: Climate change and the extractives sector
Part VII: Leveraging the Direct Impacts of Extractives Into Sustainable Development
23: Alan Roe and Jeffery Round: Framework: the channels for indirect impacts
24: Olle Östensson: Local content, supply chains, and shared infrastructure
25: Olle Östensson and Anton Löf: Downstream activities: the possibilities and the realities
26: Sophie Witter and Maja Jakobsen: Choices for spending government revenue: new African oil, gas, and mining economies
27: Joanna Buckley, Neil McCulloch, and Nicholas Travis: Donor-supported approaches to improving extractives governance: lessons from Nigeria
Part VIII: Capturing Economic and Social Benefits at Community Level
28: Catherine McDonald: The role of participation in sustainable community development programmes in the extractives industries
29: Angel Mondoloka: Approaches to supporting local and community development: the view from Zambia
30: Liesel Filgueiras, Andreia Rabetim, and Isabel Aché: Approaches to supporting local and community development: Brazil and the Vale SA model of corporate interaction
31: Keith Slack: Capturing economic and social benefits at the community level: opportunities and obstacles for civil society
32: James M. Otto: How do we legislate for improved community development?
33: Tony Addison and Alan Roe: Conclusions
