This counterintuitive phenomenon is known as the resource curse . Mineral wealth, it seems, sometimes impoverishes countries. This presents a major obstacle for the international community in the fight against poverty and in the achievement of the Millennium Development Goals. By refining the insights into the relationship between natural resources and sustainable development, the authors in this volume contribute to the ongoing debate on ways to lift the curse, and suggest policy interventions to break the vicious circle.
The articles, which derive from a wide range of academic disciplines such as political science, international relations, developmental economics, as well as from the practitioners in the field of energy, cover a broad range of topics, and employ different methods of inquiry. Some take an empirical approach and use cross–country comparisons to test various hypotheses on the relationship between natural wealth and growth, while others focus on particular countries, such as Azerbaijan, Democratic Republic of Congo, Nigeria and the Russian Federation. All converge on one point that domestic institutions make a significant difference. With good governance, the exploitation of resources can generate revenues that will foster growth and reduce poverty.
1. Introduction (Irakli Khodeli).
2. Resolving conflicts of interest in state–owned enterprises (Jenik Radon and Julius Thaler).
3. The devil s excrements as social cement: natural resources and political terror, 1980 2002 (Indra de Soysa and Helga Malmin Binningsbø).
4. Natural resource rent–cycling outcomes in Botswana, Indonesia and Venezuela (Richard M. Auty).
5. Governance strategies to remedy the natural resource curse (Joseph Siegle).
6. Budget transparency and development in resource–dependent countries (Paolo de Renzio, Pamela Gomez and James Sheppard).
7. Before the peak: impacts of oil shortages on the developing world (Ben W. Ebenhack and Daniel M. Martínez).
Part II: A view from the field.
8. Social and economic implications of oil policy development in Nigeria (Alexis Rwabizambuga).
9. The public oversight of oil projects in Azerbaijan, 2004 2007 (Farda Asadov).
10. Energy relations in Russia: administration, politics and security (Andrey Makarychev).
11. Doing business with integrity: the experience of Anglogold Ashanti in the Democratic Republic of Congo (Paul Kapelus, Ralph Hamann and Edward O Keefe).
Part III: A view from the industry.
12. The IPIECA social responsibility working group and human rights (Jenny Owens).