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Primer: The Natural Resource Charter Decision Chain

  • Briefing

  • 27 April 2015

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.

KEY MESSAGES

  • 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.