This article utilizes a new concept of supply and demand for raw materials. It emphasizes the need for the use of long run economics rather than short run analysis in the determination of a fair price for raw commodities.

Ethiopia has policies and laws meant to govern the extractive resources and industries. The policies and laws in place share a cohesion compared with the fragile global governance system dominated by bilateral and multilateral treaty arrangements and voluntary standards. A closer scrutiny of the...

The paper deals with the topic of natural resource revenue management and the institutional background, it researches the impact of the institutional environment on a particular part of resource governance, the revenue governance. The Resource Governance Index is used as the crucial concept for...

"The study of natural resource extraction in resource-rich countries often shows that plunder, rather than prosperity, has become the norm. Management of natural resources differs widely in every state; a close examination of the decision-making chains in various states highlights the key...

Although the relationship between natural resources and civil war has received much attention, little is known about the underlying mechanisms. Controversies and contradictions in the stylized facts persist because resource extraction is treated as exogenous while in reality fighting affects...