Coronavirus containment measures have hit economies hard—and with them, government revenues. Most natural resource-dependent countries are experiencing a double shock as their main source of foreign currency has crashed along with fiscal revenues.
A new "frequently asked questions" briefing about the supply chain for electric vehicle batteries provides information about the governance, corruption, human rights abuses and environmental dimensions of battery production.
La buena gobernanza de los recursos mineros y energéticos aún no es la norma a nivel mundial. A pesar de que muchos países cuentan con grandes reservas de minerales, gas y petróleo, existe una compartida incapacidad por transformar estos recursos en desarrollo sostenible. Esta “maldición” persigue especialmente a países en África, Asia y América Latina.
Resource-rich Latin American countries did experience high rates of economic growth and diminished poverty and inequality during the boom years. On the surface, this would appear to strengthen arguments that extractive industries are key to progress, especially in resource-rich areas, despite their negative environmental impact. Nevertheless, a closer look shows that things are a bit more complicated.
What’s next for Latin American civil society as the supercycle of high commodity prices recedes in the rear-view mirror? And what are the most interesting trends in the extractives sector in the region?
In most countries, national governments negotiate extraction contracts with companies and collect the revenues, but it is those closest to the extraction site that see their physical and economic landscape change most dramatically.