Resource-rich countries tend to experience slower economic growth and more social problems than do less-endowed countries—a phenomenon dubbed the “resource curse.” But it turns out that in many cases, economic growth begins to underperform long before the first drop of oil is produced; this we call the “presource curse.”
It is strange that commodities trading payments—often the largest payments companies make to government entities—are not covered by EU, Canada or Norway mandatory disclosure laws. The laws apply only to companies that physically engage in extraction of resources.
Everyone knows that implementation of commitments is at the core of the Open Government Partnership’s mission for transformational reforms. However, more than a third of commitments reviewed to date by the Independent Reporting Mechanism have not been implemented.
NRGI president and CEO Daniel Kaufmann has published a "commodity note" op-ed in the Financial Times regarding the United States government decision to cease its implementation of the Extractive Industries Transparency Initiative.
La vertiginosa expansión de la frontera extractiva en América Latina durante el súper ciclo de materias primas –motivada por los altos precios y la introducción de nuevas tecnologías- ha desencadenado cientos de conflictos socio-ambientales.
The two South American countries are adjusting to the spotlight of the global oil industry. As they adapt to new prospects that are both exciting and challenging, government officials in both hope to learn from the experiences of their peers in other new oil hotspots.
The twists and turns around the possible initial public offering (IPO) of some portion of Saudi Aramco have been monitored by the press like a sporting event. The long-term influence of Aramco’s decision on Saudi Arabia and the global governance of state-owned oil companies promises to be significant.