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Transforming Society through the Extractive Industries

image of Transforming Society through the Extractive Industries
Extractive industries have real potential to transform societies for the better. However, fulfilling this potential is neither assured nor automatic.



The extraction of nonrenewable natural resources (notably oil, gas and minerals) has often led to political instability, revenue management challenges, corruption and increased social tension. It is therefore necessary for resourcerich countries to improve legislative and regulatory frameworks, build institutional capacity and strengthen governance, in order to ensure that the natural resource blessing does not become a curse.



Illustrated by case studies of good practice from across the Commonwealth, this book will help government decisionmakers ensure that the extractive industries transform society for the better, while also minimising the risk of instability and conflict.

English

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Foreword

In November 2007, Commonwealth Heads of Government adopted the Kampala Declaration on Transforming Societies to Achieve Political, Economic and Human Development. The Declaration reaffirmed the Commonwealth’s commitment to raising living standards and to achieving a more equitable international society free from poverty, ignorance and disease. This requires social and economic transformation.

English

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