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The extractive industries sector - essentials for economists, public finance professionals, and policy makers (Paperback)
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The extractive industries sector - essentials for economists, public finance professionals, and policy makers (Paperback)
Series: World Bank studies
Expected to ship within 10 - 15 working days
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The extractive industries (EI) sector occupies an outsize space in
the economies of many developing countries. Economists, public
finance professionals, and policy makers working in such countries
are frequently confronted with issues that require an in-depth
understanding of the sector. The objective of this volume is to
provide a concise overview of EI-related topics these professionals
are likely to encounter. The volume provides an overview of issues
central to EI economics; discusses key components of the sector's
governance, policy, and institutional frameworks; and identifies
the public sector's EI-related financing obligations. Its
discussion of EI economics covers the valuation of subsoil assets,
the economic interpretation of ore, and the structure of energy and
mineral markets. The volume maps the responsibilities of relevant
government entities and outlines the characteristics of the EI
sector's legal and regulatory frameworks. Specific key functions of
the sector are briefly discussed, as are the financial structures
that underpin environmental and social safeguards; investment of
public revenues generated from oil, gas, or minerals; as well as
extractive-based economic diversification. The authors hope that
decision makers in ministries of finance, international
organizations, and other relevant entities will find the study
useful to their understanding and analysis of the EI sector.
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