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
Added by Andrew Bauer on July 16, 2018 at 12:52 — No Comments
Governments around the world held about USD 3.7 trillion in oil, gas and mineral wealth in sovereign wealth funds (SWFs) at the end of 2016. There are many reasons why they have saved so much money. Some, like the…Continue
Added by Andrew Bauer on June 14, 2018 at 0:00 — No Comments
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
Andrew Bauer, Uyanga Gankhuyag and Sofi Halling
Despite a peace…Continue
Added by Andrew Bauer on September 9, 2016 at 15:30 — No Comments
Added by Andrew Bauer on February 15, 2016 at 13:30 — No Comments
by Andrew Bauer and Maw Htun Aung ~ 13:32, 27 August 2015
On 8 November, Myanmar will vote for a new government. Much is at stake.
Added by Andrew Bauer on August 28, 2015 at 16:46 — No Comments
For interactive data tools, charts and the full article, please visit: http://www.resourcegovernance.org/news/blog/why-werent-governments-better-prepared-commodity-price-crash
by Andrew Bauer, NRGI Senior Economic Analyst, and David Mihalyi, NRGI Economic Analyst
Headlines about resource-rich economies faltering…Continue
Added by Andrew Bauer on July 5, 2015 at 18:27 — No Comments
Developing, capital-scarce countries need domestic investment. Governments in countries such as Angola, Mongolia, and Timor-Leste must invest in education, health and infrastructure like roads, ports, electricity, water and sanitation systems if they hope to achieve middle- or high-income status in a sustainable and balanced way. What’s more, oil-, gas- and mineral-rich countries have access to large (yet finite) sources of income that can be used to boost domestic…Continue
Four years ago, Mongolia’s vast mineral wealth prompted some to call it the …
Can Canada's North Transform Its Mineral Wealth Into Well-Being?
Andrew Bauer ~ 6:24, 3 July 2014
Part II in a two-part series on the challenges of natural resource governance in Canada’s North.
At its peak, the tiny South Pacific island nation of Nauru was the world’s second richest per capita. From the mid-1970s to the early 1990s, Nauruans lived extravagantly…Continue
Added by Andrew Bauer on July 15, 2014 at 7:00 — No Comments
Part I in a two-part series on the challenges of natural resource governance in Canada's North.
The Northwest Territories (NWT), Canada's largest territory, has huge resource potential. To investors and oil and mining companies, it is a vast landscape abundant in diamonds, gold, silver, copper, zinc, rare earth minerals, oil and natural gas (see box and map). Climate change is expected to…Continue
Added by Andrew Bauer on July 8, 2014 at 0:21 — No Comments
A sovereign wealth fund (SWF) should serve a purpose; this seems obvious. Yet time and again, as I discussed in my previous blog, funds are established with no clear purpose, or fail to achieve their stated objectives.
Myanmar's Union government collects much of the trillions of kyat generated by …Continue
Added by Andrew Bauer on November 30, 1999 at 12:00 — No Comments