Book
Resources Matter

Ending Poverty while Protecting Nature

SCHEDULED OPEN ACCESS BOOK RELEASE: 19 DECEMBER 2024

Almost everything that is essential to modern society — transport and power systems, buildings, machinery, and medical devices — depends upon metals, minerals, and stone as well as oil and natural gas which provide the energy for households and businesses and transport as well as widely-used materials such as plastics. The global economy has come to increasingly rely on mining and oil and gas extraction in the developing world. 

Poorer nations see extractive industries as vital to their prospects for greater prosperity but these industries are highly controversial not least in their impact on nature and the climate. This book explores the opportunities as well as the dilemmas. 

The book also discusses how the extractive industries can be leveraged to generate larger and more beneficial impacts in poorer economies and improve livelihoods at local and national levels. A central argument is that the so-called ‘resource curse’ – the potentially negative effect of resource booms on economies and societies – is not inevitable, as is often said to be the case. 

Rather, much can be done through policy, coordinated government action in partnership with the private sector, and judicious investments to improve the prospects for resource wealth to make a positive contribution to escaping underdevelopment and poverty. Companies in the extractives industry also have a key role in working with governments to achieve these goals.

 

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Endorsements

'This authoritative study serves as a vital reality check against complacent thinking that developing countries will not, or should not, seize opportunities to extract their resource endowments. Addison and Roe convincingly argue that global net zero climate ambition will require greater extraction of non-renewable resources. They provide an invaluable guide for countries facing immense challenges to maximize the developmental potential of their material resources while minimizing the risks to people and planet.'  – John Hicklin, Non-Resident Fellow, Center for Global Development, and former Deputy Director of the IMF’s Independent Evaluation Office

'This new book by Tony Addison and Alan Roe on the Extractive Industries is both timely and practical. There is an unnecessary tension between achieving development goals and protecting nature as well as fighting climate change. Their earlier seminal book Extractive Industries: The Management of Resources as a Driver of Sustainable Development was influential in UN decision making circles, including at the regional level, where a series of roundtables based on its outcomes and policy implications were conducted in cooperation with the UN Regional Economic Commission and the participation of top government officials, business leaders and civil society organizations. I have no doubt that this new contribution to our knowledge in this field will be as influential, as the world is moving fast towards the finishing line of the 2030 SDG Agenda, with gaps of material resources which could be bridged by the more effective utilization of domestic resources including from the extractive industries.' – Mahmoud Mohieldin, UN Special Envoy for Financing the 2030 Sustainable Development Agenda and UN Climate Champion for COP27

'Addison and Roe’s new book takes on an enormously critical challenge.  In an age of superficial sound bites, they offer a deeply founded and carefully crafted policy agenda—bridging low-, medium- and high-income countries—that seeks ongoing poverty reduction, ecosystem regeneration, a net-zero future, and the realization of the extractive industry’s development potential. They link theory and concrete action. Few would have the courage to take this on. The result reflects their depth of understanding and their passion for the topic. It is a treatise that brings hope that the needed transformation can be achieved.' – R. Anthony (Tony) Hodge, President of the International Council on Mining and Metals (ICMM) 2008-15.

'This is an impressively authoritative book which ranges across the economics and politics that will shape the paths of development and poverty reduction of resource-dependent countries. It sets out an array of risks to progress and the attendant challenges of governance and policy. It is masterful in placing the opportunities for development into the context of the energy transition and the broad context of the global environmental and climate risks that will define the state of the world for the next generation.' – Mark Henstridge, Chief Executive Officer of Oxford Policy Management Ltd.