Transforming Society through the Extractive Industries

E-book (PDF): £21.00
978-1-84859-077-9
Paperback: £25.00
978-1-84929-027-2

Transforming Society through the Extractive Industries
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Contributors: Daniel Dumas
Series Title: Transformation of Societies Series
Publication date: 1 October 2010
Size: 240mm x 165mm
ISBN: 978-1-84929-027-2
Pages: 38

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.



ContentsExpand or collapse me

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