Regulating Extraction in Africa: Towards a Framework for Accountability in the Global South
Hany Gamil Besada ,
United Nations Economic Commission for Africa (UNECA), CA
University of Warwick, GB
Massachusetts Institute of Technology, US
This paper explores how revenue flows from the extractive sector can have substantial multiplier effects on the rest of the economy in resource-endowed countries in the Global South. The aim is to demonstrate that in order to fully benefit from extraction practices, countries in the Global South must adopt measures to address issues such as weak governance, the exploitative practices of foreign investors, mismanagement, corruption, undervaluation of mineral assets, revenue mismanagement, and various forms of taxation manipulation and evasion. Through literature examples in various African countries, this research concludes that the Global South should focus on constructing national regulatory frameworks that emphasise revenue transparency.
How to Cite:
Besada, H.G., Lisk, F. and Martin, P., 2015. Regulating Extraction in Africa: Towards a Framework for Accountability in the Global South. Governance in Africa, 2(1), p.Art. 2. DOI: http://doi.org/10.5334/gia.ah