| Publication |
2011.
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| Summary/Abstract |
This article examines the most significant international policy responses that seek to address the resource trap and spur development in resource-rich, but fragile states. It applies a regime theoretical framework to assess recent multistakeholder initiatives within the extractive sector by focusing on the processes through which they seek to alter the behavior of public and private organizations. Based on a review of the Nigerian and Azeri cases, the article finds that civil society often does not have the capacity to live up to the high expectations placed on it by these initiatives. The effectiveness and eventual success of multistakeholder initiatives in the extractive sector require exploring alternative pathways to affect behavior of key actors. Stronger market incentives and regulation can provide the conditions required for extractive activities to result in positive development outcomes.
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