Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/161588 
Year of Publication: 
2017
Series/Report no.: 
WIDER Working Paper No. 2017/24
Publisher: 
The United Nations University World Institute for Development Economics Research (UNU-WIDER), Helsinki
Abstract: 
This paper reviews the political economy of extractive resources and the associated resources sector governance agenda. The consensus that good sector governance improves the developmental impacts of extractive resources exploitation is premised on the understanding that institutions matter for development. However, there is no straightforward answer to the question of what exactly 'institutions' are, how they change, or how they can be made to change to become more supportive of an extractives-led development agenda. The paper suggests reframing the political economy of extractive resources away from the negative question how can poor outcomes be prevented? and towards the positive question how can positive institutional change for better outcomes be brought about? It organizes and presents the main strands of a substantial body of literature that can help to inform answers to these questions.
Subjects: 
natural resources
extractive industries
political economy
governance
institutions
JEL: 
Q32
P48
P16
O43
B52
Persistent Identifier of the first edition: 
ISBN: 
978-92-9256-248-9
Document Type: 
Working Paper

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