For years, economists and political scientists have studied national governments throughout the world and advised about how to optimize resource revenues from extraction for long-term development. There are numerous policy disciplines that a country must get right to reap the full benefits.
Based on the key messages in NRGI’s briefing "Owning Up," NRGI and Global Witness recommend seven steps that stakeholders in Myanmar could take to implement the EITI beneficial ownership requirements in a way that increases the potential for concrete improvements in natural resource governance.
They go by different names and share the same higher principles. Most people do not know they exist, but they are built into every national government, working tirelessly to ensure public resources are collected and spent as they were meant to be.
Considered one of the more democratic countries in Central Asia, the Kyrgyz Republic is also one of the region’s most open economies. Although mainly reliant on foreign aid, transit trade and remittances, gold mining revenues are important to its budget.
Over the past two decades, we have learned a lot about the “resource curse.” Libya in particular finds itself as an unfortunate case study, proving various hypotheses of scholars and policymakers around the subject.