(DOWNLOAD) "Global and Local Policy Responses to the Resource Trap (Report)" by Global Governance # Book PDF Kindle ePub Free
eBook details
- Title: Global and Local Policy Responses to the Resource Trap (Report)
- Author : Global Governance
- Release Date : January 01, 2011
- Genre: Politics & Current Events,Books,
- Pages : * pages
- Size : 285 KB
Description
This article examines the most significant international policy responses that seek to address the resource trap and spur development in resource-rich, but fragile states. It applies a regime theoretical framework to assess recent multistakeholder initiatives within the extractive sector by focusing on the processes through which they seek to alter the behavior of public and private organizations. Based on a review of the Nigerian and Azeri cases, the article finds that civil society often does not have the capacity to live up to the high expectations placed on it by these initiatives. The effectiveness and eventual success of multistakeholder initiatives in the extractive sector require exploring alternative pathways to affect behavior of key actors. Stronger market incentives and regulation can provide the conditions required for extractive activities to result in positive development outcomes. Keywords: civil society. Extractive Industries Transparency Initiative, multi-stakeholder initiatives, Nigeria, Azerbaijan, regime theory, resource curse. Energy security ranks among the top priorities of the Organisation for Economic Co-operation and Development (OECD) and emerging economies alike, whose foreign relations agenda is often dictated by a permanent concern to secure oil and gas supplies. Yet there is no such thing as a global governance system for energy. Instead, there is a myriad of regional and sectoral organizations as well as bilateral agreements that address specific concerns between selected producer and consumer states. It is true that the International Energy Forum (IEF) has served as a global platform for dialogue between consumer, producer, and transit countries since the beginning of the 1990s. But the IEF is not an intergovernmental organization and its recommendations are not binding. Investment and trade agreements are negotiated in a piecemeal manner under bilateral and regional agreements or treaties like the Energy Charter Treaty.
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