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- W3125812263 abstract "Extractive economies can use the natural resource dividend for infrastructure and sustainable development, which involves overcoming many challenges. This chapter sees the BRICS countries as natural resource rich economies that have not yet signed up to the Extractive Industries Transparency Initiative. Analysis of the relationship between resource dependence and the Human Development Index for the period 1990–2015 is reported, suggesting that non-resource rich countries tend to have higher values than resource rich countries. Using as case studies two countries that have joined the initiative (Norway and Mongolia) and two emerging economies that have not (Botswana and Chile), as well as one of the BRICS countries (Brazil), some successes and challenges in using natural resource wealth are highlighted. Governance indicators suggest that transparency initiatives can be helpful. Links between extractive economies, policies, institutions, and human development outcomes are complex, requiring long-term policies and commitment. Three specific policy issues for BRICS are identified." @default.
- W3125812263 created "2021-02-01" @default.
- W3125812263 creator A5055663400 @default.
- W3125812263 date "2020-12-16" @default.
- W3125812263 modified "2023-10-14" @default.
- W3125812263 title "Extractive economies, institutions, and development" @default.
- W3125812263 doi "https://doi.org/10.1093/oso/9780198827535.003.0010" @default.
- W3125812263 hasPublicationYear "2020" @default.
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