Extractive Industries The Management of Resources as a Driver of Sustainable Development

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.

1 - Extractives for development: introduction and ten main messages
2 - Dependence on extractive industries in lower-income countries: the statistical tendencies
3 - Mining's contribution to low- and middle-income economies
4 - The role of oil and gas in the economic development of the global economy
5 - The curse of the one-size-fits-all fix: re-evaluating what we know about extractives and economic development
6 - Political economy and governance
7 - New industrial policy and the extractive industries
8 - The macroeconomic management of natural resources
9 - Extractive revenues and government spending: short- versus long-term considerations
10 - The copper sector, fiscal rules, and stabilization funds in Chile: scope and limits
11 - Oil discovery and macroeconomic management: The recent Ghanaian experience
12 - The regulation of extractives: an overview
13 - Regulatory structures and challenges to developmental extractives: Some practical observations from Ghana
14 - The taxation of extractive industries: mining
15 - Doubling down: national oil companies as instruments of risk and reward
16 - Protecting the environment during and after resource extraction
17 - Enhancing sustainable development from oil, gas, and mining: from an 'all of government' approach to Partnerships for Development
18 - Towards contribution analysis
19 - The role of governance and international norms for managing natural resources
20 - Oil and gas companies and the management of social and environmental impacts and issues: the evolution of the industry's approach
21 - The role of gender in the extractive industries
22 - Climate change and the extractives sector
23 - Framework: the channels for indirect impacts
24 - Local content, supply chains, and shared infrastructure
25 - Downstream activities: the possibilities and the realities
26 - Choices for spending government revenue: new African oil, gas, and mining economies
27 - Donor-supported approaches to improving extractives governance: lessons from Nigeria
28 - The role of participation in sustainable community development programmes in the extractives industries
29 - Approaches to supporting local and community development: the view from Zambia
30 - Approaches to supporting local and community development: Brazil and the Vale SA model of corporate interaction
31 - Capturing economic and social benefits at the community level: opportunities and obstacles for civil society
32 - How do we legislate for improved community development?
33 - Conclusions

Tony Addison is the Chief Economist/Deputy Director of the United Nations University's World Institute for Development Economics Research (UNU-WIDER) in Helsinki, Finland. He was previously Professor of Development Studies at the University of Manchester, Executive Director of the Brooks World Poverty Institute (BWPI) at the University of Manchester, and Associate Director of the Chronic Poverty Research Centre (CPRC). He has also held positions at the University of Warwick, the School of Oriental and African Studies (London University), and the Overseas Development Institute (London). He has published widely in books and journals on the issues of post-conflict reconstruction, debt relief, fiscal policy, poverty dynamics, development finance, and foreign aid. Alan Roe has worked for more than 45 years as an academic economist and as a policy adviser. Early in his career he was a research economist at the University of Dar-es-Salaam and then at the University of Cambridge (Economic Growth Project) and later a Visiting Professor of Economics at Washington University in the USA. He then taught economics for many years at the University of Warwick where he was also for a period the Chairman of Department. In 1994 he was appointed Principal Economist at the World Bank where he worked for 7 years. After retiring from the Bank in 2000, he returned part-time to Warwick University but also joined Oxford Policy Management (OPM) as Principal Economist and a Board Director. In this capacity he helped to initiate OPM's involvement in natural resources issues. Now retired he remains as a Senior Associate at both OPM and the University of Warwick and a Senior Non-Resident Research Fellow at UNU-WIDER.