Course: Governance of Extractive Industries

May 4, 2015 - Jun 5, 2015 | United Nations Institute for Training and Research (UNITAR)
Online
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Large extractive industries often appear to have retarded economic and social development through a number of phenomena often referred to collectively as the "resource curse." This online course will discuss the basics of governance principles, and allow participants to apply these principles to the specific domain of natural resources in general and extractive industries in particular in the context of a practical exercise. Background Extractive industries are those that are related to mineral and hydrocarbon products such as gold, phospates, diamonds, oil, gas, etc. Extractive industries remain the economic bedrock for many developing countries, generating the main, if not the sole source of fiscal revenues, foreign exchange earnings and surpluses to finance much needed socio-economic development. Yet, studies and surveys indicate that these countries have been unable to use effectively the resources from extractive industries and therefore they have shown poor economic performance in comparison with countries with similar levels of income. The quality of governance has come to be viewed as a key factor influencing the ability of countries to use revenues from their extractive industries for development. Learning Objectives At the end of the course, the participants should be able to:

• Express a clear concept of governance and its guiding principles such as transparency, accountability, anti-corruption, environmental safeguards, corporate social responsibility, public participation, etc.;
• Rate the quality of governance of revenues from their respective countries’ extractive industries; and
• Propose a more sound management of resources from extractive industries for the improvement of economic performance.