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J O D I V I T T O R I
S E N I O R P O L I C Y A D V I S E R , G L O B A L W I T N E S S
A D J U N C T P R O F E S S O R , ...
THERE IS NO “NATURAL RESOURCES” SDG, BUT
THEY ARE EMBEDDED IN MANY OF THEM….
1. Ending poverty & hunger
• Economic rents f...
THERE IS NO “NATURAL RESOURCES” SDG, BUT
THEY ARE EMBEDDED IN MANY OF THEM….
5. Sustainable / inclusive economic growth & ...
THERE IS NO “NATURAL RESOURCES” SDG, BUT
THEY ARE EMBEDDED IN MANY OF THEM….
8. Sustainable consumption / production
• Sus...
WHAT DOES CORRUPTION HAVE TO DO
WITH ALL THIS?
Resource Curse “rule of thumb”: states with fragile
institutions who primar...
WHY DO POLITICAL ECONOMISTS
THINK THIS OCCURS?
• Breaks the “taxation / representation” cycle: governments not
reliant on ...
WHERE DOES PUBLIC FINANCIAL
MANAGEMENT FIT INTO THIS?
Increased calls for transparency, accountability &
due diligence
• P...
WHERE DOES PUBLIC FINANCIAL
MANAGEMENT FIT INTO THIS?
Increased calls for transparency, accountability &
due diligence in ...
Contact Info:
Jodi Vittori
Senior Policy Adviser, Global Witness
Adjunct Professor, Georgetown University
jvittori@globalw...
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Day3 sp3-1 georgetown-paneljodivittori_en

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Day3 sp3-1 georgetown-paneljodivittori_en

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Day3 sp3-1 georgetown-paneljodivittori_en

  1. 1. J O D I V I T T O R I S E N I O R P O L I C Y A D V I S E R , G L O B A L W I T N E S S A D J U N C T P R O F E S S O R , G E O R G E T O W N U N I V E R S I T Y D E C E M B E R 9 , 2 0 1 5 NATURAL RESOURCES, CORRUPTION, & THE SDGS
  2. 2. THERE IS NO “NATURAL RESOURCES” SDG, BUT THEY ARE EMBEDDED IN MANY OF THEM…. 1. Ending poverty & hunger • Economic rents from oil, mining, etc. expected to fund development budgets • Many rely on natural resource-related jobs 2. End hunger / achieve food security • Oil, coal, etc. and the role in climate change and effects on agriculture and fisheries 3. Clean water / sanitation • Role in natural resource extraction & energy production in water and air pollution • Mining uses high levels of water 4. Affordable, clean energy for all
  3. 3. THERE IS NO “NATURAL RESOURCES” SDG, BUT THEY ARE EMBEDDED IN MANY OF THEM…. 5. Sustainable / inclusive economic growth & employment • Major source of jobs • Revenues used by governments to fund state employees • Historical role of mining in exploitative employment 6. Inclusive / sustainable industrialization • Natural resources as key inputs to industrialization • Primary export producers and concerns over terms of trade • Role of natural resources (i.e. oil) in “de-industrialization” from Dutch Disease, etc. 7. Reduce Inequality • Natural resource exporting countries tendency to be highly unequal
  4. 4. THERE IS NO “NATURAL RESOURCES” SDG, BUT THEY ARE EMBEDDED IN MANY OF THEM…. 8. Sustainable consumption / production • Sustainable / efficient use of natural resources • Management of waste generation, production, etc. • Rationalize inefficient fossil-fuel subsidies 9. Climate action 10. Conservation, restoration, & sustainable use of forests, wetlands, mountains, etc. • Role of natural resource extraction in environmental destruction; importance of land reclamation 11. Peaceful / inclusive societies
  5. 5. WHAT DOES CORRUPTION HAVE TO DO WITH ALL THIS? Resource Curse “rule of thumb”: states with fragile institutions who primarily rely on natural resource exports (especially oil) tend to experience: • Higher levels of corruption • Stronger patronage systems • Much greater levels of violent activity (especially insurgency/civil war) • Decreased democratization / increased authoritarianism • Increased human rights abuses • Lower overall employment; crowding out of local industries; terms of trade Worst case examples: Angola, Russia, Venezuela, Iraq, Iran
  6. 6. WHY DO POLITICAL ECONOMISTS THINK THIS OCCURS? • Breaks the “taxation / representation” cycle: governments not reliant on their populations for fiscal support • “Winner take all”: especially oil, whoever controls the government and/or territory controls the “rents” from the natural resources • Governments will use coercion, violence, election irregularities, etc. to maintain power and access to rents • “It’s our turn to eat”: those excluded may use violent means • Access to money is removed from overall economic growth of population • Strong temptations to skim some of the money for oneself & patronage network • Opportunities for “bad actors” (corrupt politicians, criminals, terrorists/insurgents) • Natural resources as sources of financing • Poor levels of rule of law & high corruption facilitate illegal activities • Mobilizes popular discontent against corrupt politicians; may have ethnic/religious overtones
  7. 7. WHERE DOES PUBLIC FINANCIAL MANAGEMENT FIT INTO THIS? Increased calls for transparency, accountability & due diligence • Publish What You Pay (PWYP) • Extractive Industry Transparency Initiative (EITI) • Dodd Frank section 1502: conflict minerals from DRC & neighboring countries • Dodd Frank section 1504: oil, gas and mineral companies must publicly report how much they pay governments • New company payment disclosure requirements in the EU, UK, Norway, South Korea • ISIS’ use of oil, antiquities, agriculture for financing may push new terrorism-related rules
  8. 8. WHERE DOES PUBLIC FINANCIAL MANAGEMENT FIT INTO THIS? Increased calls for transparency, accountability & due diligence in financial institutions, too • Push against anonymous shell companies and for beneficial ownership requirements • Push for better real estate disclosure and KYC rules enforced • New York State will issue new financial regulations • London will conduct major counter-corruption conference in 2016—may lead to new regulation • Possible new terrorism finance inspired rules—already due diligence difficulties for those banks working with Lebanon, Turkey, etc. • Increased regulation of Bitcoin & other virtual currencies
  9. 9. Contact Info: Jodi Vittori Senior Policy Adviser, Global Witness Adjunct Professor, Georgetown University jvittori@globalwitness.org

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