Issue Brief: Development and Extractive Industries

10 Feb 2014
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Development of extractive industries, around oil,gas and minerals, holds the promise of raising incomes and living standards. However, many resource-dependent countries are also unable to fully benefit from their natural wealth.

 

Poverty can still persist; jobs may be hard to come by; the industry can be an ‘enclave’, with few backward and forward linkages; and the environment can be degraded while livelihoods are destroyed. The wealth pouring into the
country can also breed corruption and raise inequalities. All of these unwanted outcomes may create fertile grounds for violence and conflict.

 

Find out more about our work on Extractive Industries.

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