Transparent Governance in an Age of Abundance: Experiences from the Extractive Industries in Latin America and the Caribbean
Peer Reviewed
Date issued
Oct 2014
Subject
Open Government;
Transparency and Anticorruption;
Energy and Mining;
Governance;
Tax Collection;
Investment;
Petroleum;
Petroleum Industry
JEL code
Q54 - Climate • Natural Disasters and Their Management • Global Warming;
Q38 - Government Policy;
Q33 - Resource Booms;
Q32 - Exhaustible Resources and Economic Development;
L72 - Mining, Extraction, and Refining: Other Nonrenewable Resources;
L71 - Mining, Extraction, and Refining: Hydrocarbon Fuels;
H71 - State and Local Taxation, Subsidies, and Revenue;
H50 - National Government Expenditures and Related Policies: General
Country
Peru;
Brazil;
Trinidad and Tobago;
Colombia;
Chile
Category
Books
During the last decade, the Latin American and Caribbean region has experienced unprecedented natural resources abundance. This book highlights how transparency can help realize the benefits and reduce negative externalities associated with the extractive industries in the region. A central message is that high-quality and well-managed information is critical to ensure the transparent and effective governance of the sector. The insights from experiences in the region can help policymakers design and implement effective regulatory reforms and adopt international standards that contribute to this goal. This is particularly important at a time when the recent boom experienced by extractives in the region may be coming to an end.
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