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Extractive industries: transforming states and improving economic management

Author

Listed:
  • Tony Addison
  • Alan R. Roe

Abstract

While market mechanisms and private initiatives can deliver much for development, public action is also necessary to: maximize the economic benefits of the extractive industries; manage potentially large capital and revenues flows; minimize adverse environmental and social impacts; and steer the economy towards a net zero future. An 'All of Government Approach' is desirable: to coordinate action, especially between local and central government, around a long-term sector strategy; and to provide the private sector with a consistent policy framework which encourages investment.

Suggested Citation

  • Tony Addison & Alan R. Roe, 2024. "Extractive industries: transforming states and improving economic management," WIDER Working Paper Series wp-2024-33, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2024-33
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    Keywords

    Extractive industries; Oil; Mining; Natural gas; Sovereign wealth funds; Taxation;
    All these keywords.

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