Governance and Accountability in Extractive Industries: Theory and Practice at the World Bank

Journal of Energy & Natural Resources Law, Vol 30 No 2, June 2012, pp. 101-128

28 Pages Posted: 25 Jun 2012

See all articles by Deval Desai

Deval Desai

University of London, School of Oriental & African Studies - School of Law

Michael Jarvis

affiliation not provided to SSRN

Date Written: June 25, 2012

Abstract

The efforts of international financial institutions such as the World Bank to support countries in the effective capture and use of revenues from extractive industries have focused increasingly on transparency, notably through the Extractive Industries Transparency Initiative. In this article, we outline the limitations in policy thinking that result from an overemphasis on transparency alone. We develop a theoretical framework for building accountability, emphasising political, legal and economic institutions, social processes, and historical legacies. We then outline how this framework is relevant to practical development challenges, exploring the case of the World Bank’s responses to the limitations of traditional extractive industries policy frameworks and its emergent turn to strengthen accountability.

Keywords: Extractive industries, World Bank, IFC, EITI, accountability, transparency

JEL Classification: F23, F35, K3, O13, O19, Q32

Suggested Citation

Desai, Deval and Jarvis, Michael, Governance and Accountability in Extractive Industries: Theory and Practice at the World Bank (June 25, 2012). Journal of Energy & Natural Resources Law, Vol 30 No 2, June 2012, pp. 101-128, Available at SSRN: https://ssrn.com/abstract=2091000

Deval Desai (Contact Author)

University of London, School of Oriental & African Studies - School of Law ( email )

London, WC1H 0XG
United Kingdom

Michael Jarvis

affiliation not provided to SSRN ( email )

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