Corruption
Poor governance and systemic corruption are prevalent in many resource-rich countries.
Poor governance and systemic corruption are prevalent in many resource-rich countries. Given their highly concentrated and highly profitable nature, the oil, gas and mining industries can generate the kind of political and private incentives that favor rent-seeking and institutional (or state) capture.
Photo used under Creative Commons license from Flickr user 401(K) 2012
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16 December 2022
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