- Vi Staff
This year's WIR from UNCTAD focuses on the role of transnational corporations (TNCs) in the extraction of oil, gas, and metal minerals. It emphasises the need for coherent and well-designed host country policies that involve all stakeholders in order to maximize development gains from such industries.
Being rich in natural resources holds both opportunities and challenges, also referred as the "resource curse". The host country's institutional capacity to regulate and monitor its extractive industries is therefore identified as an essential factor if economies want to reduce poverty and raise living standards through energy and mineral extraction.