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Resources for Peace? Managing Revenues from Extractive Industries in Post-Conflict Environments

Author

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  • Philippe Le Billon

Abstract

Revenues from extractive sectors such as oil and gas, minerals, and logging play an important role in many post-conflict environments, often providing more than 30% of state fiscal receipts. When managed well, these revenues can help to finance postwar reconstruction and other vital peace-related needs. When mismanaged, however, resource revenues can undermine both economic performance and the quality of governance, thereby heightening the risk of renewed violence. This paper offers a number of proposals for managing revenues from extractive industries to better support peacebuilding.

Suggested Citation

  • Philippe Le Billon, 2008. "Resources for Peace? Managing Revenues from Extractive Industries in Post-Conflict Environments," Working Papers wp167, Political Economy Research Institute, University of Massachusetts at Amherst.
    • Handle: RePEc:uma:periwp:wp167
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    File URL: https://per.umass.edu/fileadmin/pdf/working_papers/working_papers_151-200/WP167.pdf
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    Citations

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    Cited by:

    1. Mähler, Annegret & Shabafrouz, Miriam & Strüver, Georg, 2011. "Conflict Prevention through Natural Resource Management? A Comparative Study," GIGA Working Papers 158, GIGA German Institute of Global and Area Studies.
    2. James Boyce & Shepard Forman, 2010. "Financing Peace: International and National Resources for Postconflict Countries and Fragile States," Working Papers wp238, Political Economy Research Institute, University of Massachusetts at Amherst.

    More about this item

    Keywords

    Extractive resources; oil revenues; peacebuilding; revenue-sharing;
    All these keywords.

    JEL classification:

    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • Q34 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Natural Resources and Domestic and International Conflicts

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