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The political economy of managing extractives: insights from the Peruvian case

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  • Rosemary Thorp

Abstract

The paper is a concept piece reflecting on the political economy of management of a growing extractives sector, drawing on a particular instance of perverse political economy of management. The argument is that in regard to narrow issues of macro management, much progress has been made, but meso, micro, and sub-national issues need far more attention. A framework for analysing the different levels of decision-making is developed and the case of Peru is used to explore the decisions taken. In the analysis the relevance of history emerges clearly, in particular the role of a weak state, a business class accustomed to a close relationship with foreign capital, and the neglect over time of the regions where mining is situated today. The numerous ways in which conflict is generated and poorly handled also emerge, and the paper shows how conflict in turn contributes to the perversities of policies and their effects.

Suggested Citation

  • Rosemary Thorp, 2017. "The political economy of managing extractives: insights from the Peruvian case," Oxford Development Studies, Taylor & Francis Journals, vol. 45(2), pages 185-203, April.
    • Handle: RePEc:taf:oxdevs:v:45:y:2017:i:2:p:185-203
    DOI: 10.1080/13600818.2017.1293019
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    References listed on IDEAS

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    1. Paul Collier & Benedikt Goderis, 2007. "Commodity Prices, Growth, and the Natural Resource Curse: Reconciling a Conundrum," CSAE Working Paper Series 2007-15, Centre for the Study of African Economies, University of Oxford.
    2. Thorp, Rosemary, 1998. "Progress, Poverty and Exclusion: An Economic History of Latin America in the 20th Century," IDB Publications (Books), Inter-American Development Bank, number 412.
    3. Angell, Alan & Lowden, Pamela & Thorp, Rosemary, 2001. "Decentralizing Development: The Political Economy of Institutional Change in Colombia and Chile," OUP Catalogue, Oxford University Press, number 9780199242313.
    4. Edwin M. Truman, 2010. "Sovereign Wealth Funds: Threat or Salvation?," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 4983, October.
    5. Rosemary Thorp, 1998. "Progress, Poverty and Exclusion: An Economic History of Latin America in the 20th Century," IDB Publications (Books), Inter-American Development Bank, number 79303, February.
    6. Carlos Casas Tragodara, 2013. "El impacto de la extracción de recursos naturales en la equidad interpersonal a nivel departamental en el Perú," Working Papers 14-01, Centro de Investigación, Universidad del Pacífico.
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    Cited by:

    1. Stephen Brown, 2020. "Foreign aid, the mining sector and democratic ownership: The case of Canadian assistance to Peru," Development Policy Review, Overseas Development Institute, vol. 38(S1), pages 13-31, May.

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