Regulatory Structures and Challenges to Developmental Extractives

2018 ◽  
Author(s):  
Toni Aubynn
Keyword(s):  
Natural Resource ◽  
Regulatory System ◽  
Mining Operations ◽  
Mining Sector ◽  
Middle Income ◽  
Artisanal Mining ◽  
Resource Nationalism ◽  
Resource Endowment ◽  
Regulatory Bodies

Ghana’s large natural resource endowment of various minerals as well as oil is well known. The country has been mining gold for over a century, ranking second in production in Africa, and has also undergone regulatory transformations resulting in significant improvement in the mining sector. This chapter seeks to share the experience of a regulator and offers some perspectives on the purpose, content, and challenges of the practical regulation of an extractives sector in a lower-middle-income economy. The chapter looks at both the design and content of a regulatory system and throws light on the practical challenges (technical and political) of implementation. In light of the increasing allure of resource nationalism in recent times, the chapter also takes a brief navigation into the manner in which relationships are established and maintained by the regulatory bodies with both large multinational and small artisanal mining operations.

Rent-Seeking and Criminal Politicians: Evidence from Mining Booms

2021 ◽  
pp. 1-44
Author(s):  
Sam Asher ◽  
Paul Novosad
Keyword(s):  
Moral Hazard ◽  
Natural Resource ◽  
Rent Seeking ◽  
Direct Influence ◽  
Price Shocks ◽  
Mining Operations ◽  
Mining Sector ◽  
Resource Rents ◽  
Natural Resource Rents ◽  
And Behavior

Abstract We study how natural resource rents affect the selection and behavior of holders of public office. Using global price shocks to thirty-one minerals and nationwide geological and political data from India, we show that local mineral rent shocks cause the election of politicians charged with serious crimes. We also find a moral hazard effect: politicians commit more crimes and accumulate greater wealth when mineral prices rise during their terms in office. These politicians have direct influence over mining operations but no access to fiscal windfalls from mining; we thus isolate the direct political impacts of mining sector operations.

scholarly journals Multi-Stakeholder Perspectives of Environmental Accountability Practices in the Mining Sector

2020 ◽  
Vol 10 (4) ◽  
pp. 38
Author(s):  
George Tackie
Keyword(s):  
Large Scale ◽  
Mining Industry ◽  
Value Added ◽  
Mining Operations ◽  
Mining Sector ◽  
Stakeholder Perspectives ◽  
Regulatory Bodies ◽  
Multi Stakeholder ◽  
Accountability Practices

This paper analyses environmental accountability practices (EAP) in the mining sector from the perspectives of multi-stakeholders. The study adopts a purely qualitative approach to research in terms of research method, data collection and data analysis. Interview data was gathered from a sample of twenty-one predominantly large-scale mining firms in Ghana. Based on responses from the interview respondents, themes from the literature and empirical material, stakeholders’ perspectives were analysed regarding (1) motivations for EAP; (2) effectiveness of EAP; (3) performance assessment based on EAP; and (4) stakeholder engagements regarding EAP. This paper analyses EAP in Ghana’s mining industry from the viewpoint of multi-stakeholders – regulatory bodies, mining companies, environmental managers, community partners, environmental consultants, and mining association. The findings reveal the commonality of acceptable and responsible EAP that can lead to a ‘win-win’ situation for all stakeholders in the mining industry. Mining firms should increase their focus on practicing value-added EAP in all facets of mining operations. They should also strengthen their engagement with indigenes, and not only local elites, and align their EAP efforts with the immediate needs of the local communities. The novelty of this paper is the determination of the drivers (the ‘why’), outputs (the ‘how’), and outcomes (the benefits) of EAP which is missing in the EAP literature.

Political Settlements, Natural Resource Extraction, and Inclusion in Bolivia

2018 ◽  
Author(s):  
Anthony Bebbington ◽  
Abdul-Gafaru Abdulai ◽  
Denise Humphreys Bebbington ◽  
Marja Hinfelaar ◽  
Cynthia A. Sanborn ◽  
...  
Keyword(s):  
Natural Resource ◽  
Central State ◽  
Dominant Party ◽  
Resource Governance ◽  
Natural Resource Extraction ◽  
Natural Resource Governance ◽  
Holding Power ◽  
Resource Nationalism ◽  
Economic Elite ◽  
Competing Interest

Bolivia’s natural resources have served as a ‘mechanism of trade’ mobilized by competing interest groups to build coalitions, create political pacts, and negotiate political settlements in which dominant actors attempt to win over those resistant to a particular vision of development and/or governance. These pacts and settlements are revisited constantly, reflecting the weak and fragmented power of the central state and of the elite and persistent tensions between national and subnational elites. Ideas about, and modes of, natural resource governance have been central to periods of instability and stability, and to significant periods of political rupture. The period since 2006 has been characterized by a stable settlement involving an alliance between the presidency, his dominant party, and national social movements. This settlement is sustained through bargains with parts of the economic elite and subnational actors with holding power, as well as through ideas of resource nationalism and state-led developmentalism.

The Colombian artisanal mining sector: Formalization is a heavy burden

2019 ◽  
Vol 6 (1) ◽  
pp. 223-228 ◽  
Author(s):  
Marcello M. Veiga ◽  
Bruce G. Marshall
Keyword(s):  
Mining Sector ◽  
Artisanal Mining ◽  
Heavy Burden

Perceived Trust and Confidence for Cryptocurrency Adoption

2022 ◽  
pp. 250-279
Author(s):  
Ewilly Jie Ying Liew ◽  
Wei Li Peh ◽  
Zhuan Kee Leong
Keyword(s):  
Large Scale ◽  
Social Impact ◽  
Public Perceptions ◽  
Middle Income ◽  
Individual Level ◽  
Perceived Trust ◽  
Middle Income Countries ◽  
Regulatory Bodies ◽  
The Individual ◽  
National Databases

This chapter seeks to examine the influence of public perceptions of trust in people and confidence in institutions on cryptocurrency adoption, taking into account the individual-level demographic factors and the regional-level contextual factors. Data is obtained from three large-scale international surveys and national databases and analyzed using R software. The multivariate results demonstrate that individuals' public perceptions of trust and confidence significantly contribute to cryptocurrency adoption. Lower perceived trust in people and higher perceived confidence in civil service and international regulatory bodies increase cryptocurrency adoption, while perceived confidence in political and financial institutions discourages cryptocurrency adoption. Additionally, the univariate results find significant comparisons of gender and perceived trust differences on the predictors of cryptocurrency adoption. This chapter discusses and provides insights on the social impact and future of cryptocurrency adoption, particularly among the upper- and lower-middle-income countries.

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