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Transparent Governance in an Age of Abundance: Experiences from the Extractive Industries in Latin America and the Caribbean (Executive Summary)

Author

Listed:
  • Vieyra, Juan Cruz
  • Masson, Malaika
  • Walter, Martin
  • Quiroz, Juan Carlos
  • Manzano, Osmel
  • Ross, Michael
  • Lowe, Heather A.
  • Brathwaite, Rhea
  • Jarquín, María José
  • Kyle, Jordan
  • Greene, Tira
  • Regis, Mark
  • Arisi, Diego
  • González Espinosa, Ana Carolina
  • Ardanaz, Martín
  • Balza, Lenin
  • Espinasa, Ramón
  • Jimenez Mori, Raul Alberto
  • Valverde Martínez, Pablo

Abstract

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.

Suggested Citation

  • Vieyra, Juan Cruz & Masson, Malaika & Walter, Martin & Quiroz, Juan Carlos & Manzano, Osmel & Ross, Michael & Lowe, Heather A. & Brathwaite, Rhea & Jarquín, María José & Kyle, Jordan & Greene, Tira & , 2014. "Transparent Governance in an Age of Abundance: Experiences from the Extractive Industries in Latin America and the Caribbean (Executive Summary)," IDB Publications (Books), Inter-American Development Bank, number 6682.
    • Handle: RePEc:idb:idbbks:6682
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    More about this item

    Keywords

    Petroleum industry and trade; Gas industry; Transparency in government; Mineral industries; Government policy; Fuel trade;
    All these keywords.

    JEL classification:

    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean
    • Q38 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Government Policy (includes OPEC Policy)
    • Q33 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Resource Booms (Dutch Disease)
    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • L72 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Other Nonrenewable Resources
    • L71 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Hydrocarbon Fuels
    • H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General

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