The mining sector plays a key critical role in the economic and social development of resource-rich developing countries. With a responsible and sustainable mining sector, countries can attract investment, generating tax revenue and other benefits to help reduce poverty and meet climate and Sustainable Development Goals. To achieve this, governments need to understand how effectively their mining sector is managed compared to internationally accepted good practice. The Mining Sector Diagnostic tool is a data-driven, evidence-based assessment that identifies target areas for potential reform.
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International Economics: IB Economics
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A collection of articles relating to the 'international' elements of Economics and relating to IB, Pre-U and A-Level Economics.
Curated by
Graham Watson
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This is an important clip - much more important than you might think. For resource rich countries, mining policy is central to their developmental prospects: it's about ensuring that the sector is both sustainable and genuinely contributing to the economy - most notably in the form of tax revenues - rather than encouraging rent seeking behaviours.
This is well worth a look - mining has a role to play in development but only if it is properly managed.