For countries to benefit from resource wealth, citizens and their governments must make a broad range of decisions. Each decision requires governments to consider complex options and trade-offs and devise strategies to implement these policy choices.
The decision chain illustrates the process of converting natural resources into longterm sustainable development, from exploration and discovery to spending the revenues.
The decision chain differs from the industry value chain in that it focuses on the output of better development as opposed to a more valuable tradable good.
The Natural Resource Governance Institute (NRGI) and other organizations use the Natural Resource Charter to describe good governance along the decision chain.