Recent Articles

While headlines still narrate a woeful tale of conflict in oil-rich Libya, many actors are hard at work planning for the country’s future, once peace prevails.

When we think about the “resource curse,” one oft-cited example is oil-rich Venezuela. Despite copious petroleum reserves, people in one of Latin America's top hydrocarbon producers queue for hours outside supermarkets to buy staple foods, and now cite food shortages as a bigger concern than crime.

At the end of the last commodity super cycle in the mid-1980s, the future looked bleak for producing countries. The Prebisch-Singer hypothesis suggested that commodity prices would continue falling relative to the price of manufactured goods – which was not good for countries that were selling their resources in order to finance industrial expansion...

In early February, the government of Mongolia went to the nation's mobile phone subscribers with a seemingly simple opinion poll. To stabilize the value of its declining currency, should Mongolia (1) advance the Oyu Tolgoi mine and other large-scale development projects, or (2) reduce expenditures and consumption, and instill economic discipline? As their economy faltered, citizens essentially faced a choice between foreign investment or austerity measures. "Let's decide together," the survey entreated potential respondents.

For many in energy importing economies, low prices are a boon. But the drop in commodity prices is impacting the wellbeing of citizens in developing, resource-rich countries...

Earlier this month six Mongolian members of parliament (MPs) and three parliamentary staff members toured western Canada to learn about Canada’s experience managing its mineral and oil booms and busts.

NRGI's head of legal and economic programs, Patrick Heller, interviews Abdoulaye Magassouba, an advisor with the presidency of Guinea, about mining governance in the African country.

In April the Revenue Watch Institute [now the Natural Resource Governance Institute] organized a three-day workshop with Khazar University, in Baku, where stakeholders gathered from Azerbaijan, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Ukraine to strengthen their networks and knowledge of extractive issues.

Oil production in Azerbaijan increased rapidly in the 2000s and the country reached peak oil production in 2010, when 363 million barrels of oil were produced. Then, production declined to 310 million barrels in 2012...

A country’s economy can withstand depressions and problems if it is diversified. In our case, the main problem is the heavy dependence of the country’s economy on oil resources.

A Financial Times review praises The Oil Curse, an examination of the consequences of oil wealth by RWI advisor Michael Ross.

RWI Latin America Regional Coordinator Carlos Monge is featured in an extended interview on PBS Newshour, discussing economic growth in Peru. While Monge acknowledges the importance of the extractive industry to Peru's economy, he suggests that tax policy reforms, such as the institution of a windfall profit tax, could help the nation receive a larger share of income generated by the extractive sector, particularly from companies reaping huge revenues during times of high commodity prices.
To manage the ravages of the global downturn, nations rich in oil and minerals must diversify their economies and create stronger policies that protect revenues from volatility in commodity and credit markets, according to a new series of recommendations released yesterday by the Revenue Watch Institute.

On Wednesday, March 31 Nobel Prize winner Joseph Stiglitz and Chris Canavan of Goldman Sachs joined the Revenue Watch Institute for a conversation at Columbia University about the implications of the world financial crisis for resource-exporting countries. The expert panel also included Revenue Watch authors Antoine Heuty and Sarah Pray and was moderated by journalist Dino Mahtani.