Extractive Industries: The Management of Resources as a Driver of Sustainable Development
Tony Addison and Alan Roe
Abstract
This book is about the challenges and opportunities facing developing countries in using their extractive industries (oil and gas and mining) to achieve inclusive and sustainable development. While resource wealth can yield prosperity, it can also 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. The book provides a comprehensive contribution to a debate on what must be done for the extractive industries to ... More
This book is about the challenges and opportunities facing developing countries in using their extractive industries (oil and gas and mining) to achieve inclusive and sustainable development. While resource wealth can yield prosperity, it can also 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. The book provides a comprehensive contribution to a debate on what must be done for the extractive industries to deliver development, protect often-fragile environments from damage, enhance the rights of affected communities (and the benefits to them), and support climate change action (as the world transitions away from fossil fuels). That debate has many participants: governments of resource-abundant countries; extractives companies (together with their industry associations); community-based organizations (and their NGO and INGO partners); bilateral and multilateral development agencies; the national and international media; and the research community in universities and think tanks. New initiatives all recognize that resource wealth can provide a means for poorer nations to decisively break with poverty—by diversifying economies and funding development spending. This book offers ideas and recommendations in the main policy areas as it brings together international experts from many disciplines and organizations. From this collective insight and experience, the book concludes that more attention must be given to the development role of extractive industries, and looks to the future as action on climate change will shape the prospects for the sector.
Keywords:
extractive industries,
sustainable development,
inequality,
poverty,
governance,
climate change,
development
Bibliographic Information
Print publication date: 2018 |
Print ISBN-13: 9780198817369 |
Published to Oxford Scholarship Online: November 2018 |
DOI:10.1093/oso/9780198817369.001.0001 |
Authors
Affiliations are at time of print publication.
Tony Addison, editor
Chief Economist and Deputy Director, UNU-WIDER, Helsinki, Finland
Alan Roe, editor
Non-Resident Senior Research Fellow, UNU-WIDER, Helsinki, Finland
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