We are working closely with Rice University to monitor the continued impact of Covid-19 on our community. The health and safety of our guests and staff are our top priority. All gatherings at Baker Hall through April 30 have been canceled. A current list of scheduled online events is available at bakerinstitute.org/events and will be updated with new webcasts and webinars. Please refer to emergency.rice.edu/coronavirus for additional information and updates.
Indigenous natural resource wealth can provide a basis for robust economic development and broad macroeconomic development, especially when there is appropriate governance and robust legal and regulatory institutions. But a lack of institutional fortitude in many regions around the world has contributed to failure to translate resource wealth into broader macroeconomic wealth. This observation has resulted in the implication that natural resource wealth dooms a region to poverty and corruption – the “resource curse.” However, the resource curse is by no means universally accepted, giving rise to an exploration of how its manifestation can be avoided. From the perspective of a firm in the extractive resource industry, institutional frameworks (or lack thereof) in different regions present risks that must be considered, and if possible, mitigated. This, in turn, presents a number of important questions, including but not limited to: What is the proper role of the private sector, and what obligation does local government have? How do contracts and overall political stability influence investment? What role should foreign investors play in supporting long-term, sustainable regional development?
Kenneth B. Medlock III, Keily Miller
Francisco Monaldi, Igor Hernández, José La Rosa
David Goldwyn, Andrea Clabough
Gabe Collins, Mark Jones, Jim Krane, Ken Medlock, Francisco Monaldi
• "What attracts FDI in resource-rich regions? Risk, reward and the calculus of investment" (forthcoming, under review)
Peter Hartley, Ken Medlock
Oct. 1, 2019, 2:04 p.m.