Introduction: The Global and Local Governance of Extractive Resources

The global governance of extractive resources has largely been shaped by the energy-security agenda of industrialized countries. It is patchy and does not properly address the specific concerns of producer, consumer, and transit countries. Rising demand coincides with a looming peak of oil productio...

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Veröffentlicht in:Global governance 2011-04, Vol.17 (2), p.135-147
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description The global governance of extractive resources has largely been shaped by the energy-security agenda of industrialized countries. It is patchy and does not properly address the specific concerns of producer, consumer, and transit countries. Rising demand coincides with a looming peak of oil production and climate change. This requires urgent and resolute collective action, which is hampered by a disconnect between geological and political temporality and realities. Extractive industries, investors, civil society, international organizations, and consumer countries can jointly provide significant political and market incentives to avert the resource curse in resource-rich, but weak states. This calls for an appropriate institutionalization of voluntary multistakeholder initiatives with greater engagement on the part of emerging economies.
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source PAIS Index; Worldwide Political Science Abstracts; HeinOnline Law Journal Library; Jstor Complete Legacy; EBSCOhost Political Science Complete
subjects Civil Society
Climate change
Consumers
Corporate governance
Countries
Economic development
Economic rent
Economic resources
Energy economics
Energy management
Energy policy
Energy resources
Energy security
Geological resources
Global warming
Governance
Government and politics
Incentives
Industry
International aspects
International Organizations
Markets
Natural resources
Petroleum
Petroleum industry
Petroleum products
Production management
Resource ownership
Studies
Supply and demand
Transportation
title Introduction: The Global and Local Governance of Extractive Resources
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