A generous endowment of natural resources should favour rapid
economic and social development. The experience of countries like
Angola and Iraq, however, suggests that resource wealth often
proves a curse rather than a blessing. Billions of dollars from
resource exploitation benefit repressive regimes and rebel groups,
at a massive cost for local populations. This Adelphi Paper
analyses the economic and political vulnerability of
resource-dependent countries; assesses how resources influence the
likelihood and course of conflicts; and discusses current
initiatives to improve resource governance in the interest of
peace. It concludes that long-term stability in resource-exporting
regions will depend on their developmental outcomes, and calls for
a broad reform agenda prioritising the basic needs and security of
local populations.
General
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