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Practical Steps to Help Countries Overcome the Resource Curse: The Extractive Industries Transparency Initiative

Practical Steps to Help Countries Overcome the Resource Curse: The Extractive Industries... Global Governance 18 (2012), 171–184 GLOBAL INSIGHTS Practical Steps to Help Countries Overcome the Resource Curse: The Extractive Industries Transparency Initiative Georg Caspary A RECENT SPECIAL ISSUE OF GLOBAL GOVERNANCE (VOL. 17, NO. 2) EXAMINED various dimensions of the so-called resource curse phenomenon, which de- scribes situations in which extractive resources (oil, gas, and minerals) cause difficulties for public financial management and macroeconomic pol- icy or, in the worst case, for society at large through problems such as preva- lence of corruption or even risk of violence. The special edition also mentions appropriate governance responses to the resource curse in resource-rich countries. However, while the collection of articles helpfully elucidates the many aspects of the resource curse, the discussion might ben- efit from a further contribution focused on the operational experience with programs to counter the resource curse. The present article attempts to pro- vide this contribution. The introduction to the special issue of Global Governance called for ap- propriate institutionalization of voluntary multistakeholder initiatives with greater engagement on the part of emerging economies. Therefore, in this ar- ticle, I focus on the attempts of the World Bank Group (WBG) to promote ef- fective governance in its operations in http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Global Governance: A Review of Multilateralism and International Organizations Brill

Practical Steps to Help Countries Overcome the Resource Curse: The Extractive Industries Transparency Initiative

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Publisher
Brill
Copyright
Copyright © Koninklijke Brill NV, Leiden, The Netherlands
ISSN
1075-2846
eISSN
1942-6720
DOI
10.1163/19426720-01802003
Publisher site
See Article on Publisher Site

Abstract

Global Governance 18 (2012), 171–184 GLOBAL INSIGHTS Practical Steps to Help Countries Overcome the Resource Curse: The Extractive Industries Transparency Initiative Georg Caspary A RECENT SPECIAL ISSUE OF GLOBAL GOVERNANCE (VOL. 17, NO. 2) EXAMINED various dimensions of the so-called resource curse phenomenon, which de- scribes situations in which extractive resources (oil, gas, and minerals) cause difficulties for public financial management and macroeconomic pol- icy or, in the worst case, for society at large through problems such as preva- lence of corruption or even risk of violence. The special edition also mentions appropriate governance responses to the resource curse in resource-rich countries. However, while the collection of articles helpfully elucidates the many aspects of the resource curse, the discussion might ben- efit from a further contribution focused on the operational experience with programs to counter the resource curse. The present article attempts to pro- vide this contribution. The introduction to the special issue of Global Governance called for ap- propriate institutionalization of voluntary multistakeholder initiatives with greater engagement on the part of emerging economies. Therefore, in this ar- ticle, I focus on the attempts of the World Bank Group (WBG) to promote ef- fective governance in its operations in

Journal

Global Governance: A Review of Multilateralism and International OrganizationsBrill

Published: Aug 12, 2012

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