sharing in governance of extractive industries
By Andrew Bauer and Arkar Hein
This commentary first appeared as an op-ed in The Myanmar Times on 16 July 2018.
State-owned enterprises (SOEs) play dominant roles in Myanmar’s economy. Collectively, they generate about half the government’s revenue, spend half the government’s budget, and regulate…Continue
by Andrew Bauer and David Mihalyi (Natural Resource Governance Institute)
Countries rich in oil and minerals commonly use sovereign wealth funds (SWFs) to store a share of their natural resource wealth. Examples include Chile, Kuwait, Norway, Texas (U.S.), Timor-Leste, and more than 50 other countries. These funds have been used to decrease budget volatility, save for future generations, or earmark financial earnings for education or infrastructure…Continue