We develop a formal model that looks at the mutually endogenous determination of foreign direct investments in natural resource-rich countries, the decision of host governments to expropriate these investments, and the level of corruption. Higher resource production makes expropriation more...

The Extractive Industries Transparency Initiative was originally conceived by Tony Blair in 2002 to improve the transparency and accountability of extractive industries in resource-rich economies. It is theorized that the added transparency will create an environment welcoming to foreign direct...

The literature on extractive industries deals only marginally with FDI/TNC issues. FDI/TNC literature paid considerable attention to extractive industries in the past, particularly in the 1970 into the 1980s, in the aftermath of expropriations of FDI, many of which took place in these...