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@Ahmed: I agree with the second part of your reaction, on the dearth of strong, visionary, accountable system of governing.

On treating EI just like other sectors, I think different. Agriculture, manufacturing, and other sectors require more industry on the part of government. Oil, gas and mining money, on the other hand, is mostly rent. It's different. For a kleptocrat, it's easy money. Nevertheless, to your point, it is subject to the prevailing political economy.

To tie to @Daniel's question, I would add: "With care...and with luck."

No, Daniel.

The "Odd One Out" is the political econonmy.

Sustainable development is the link that should connect the two ends of the (extractive industries ) value chain. But the major flaw in this thinking has been the treatment of the extractive industry as a stand alone entitiy separate and unencombered by the vicissitudes of political context of the country. In any given country, if the extractive industry is seen as merely another contibuting  component of the overall economy, then its connectivity and impacts  on the other sectors (tourism, agriculture, human resources,etc.) will be obvious and the management of the revenue rents will be less contentious and less attracive for political intigue. 

You should be cognizant with the impacts of the political context of resource (mis)management in developing countries, especially on the African continent. There has never been a dearth of good faith efforts establishing legal, institutional, administrative frameworks for the management of the extractive industries anywhere in developing countries. The problem has been the dearth of a strong visionary accountable intelligent stable system of governing.