TY  - CHAP
AB  - Abstract This chapter discusses the special case of extractive industries in relation to susceptibility to corruption, especially in states with weak institutional and governance structures. The systemic nature of this corruption is shown in a vicious cycle of extractive resource dependency and corruption which reinforce each other. The chapter then concentrates on the supply side of corruption, and the role of the private sector with domestic and foreign natural resources companies feeding into systemic corruption. Corruption is underpinned by a high demand, high prices for extractive resources scenario, and mitigated by a low demand, low prices scenario. Transparency oriented, anticorruption measures may not be effective in their own right, but a low demand, low prices scenario could provide an opening for such measures to take root, with accompanying benefits to the citizens of resource rich states and their environment. This suggests taking a contingency approach to dealing with corruption.
SN  - 978-1-78635-445-7, 978-1-78635-446-4/
DO  - 10.1108/978-1-78635-445-720161011
UR  - https://doi.org/10.1108/978-1-78635-445-720161011
AU  - O’Higgins Eleanor R. E.
ED  - Michael S. Aßländer
ED  - Sarah Hudson
PY  - 2017
Y1  - 2017/01/01
TI  - Corruption in Extractive Industries – Changing the Scenario?
T2  - The Handbook of Business and Corruption
PB  - Emerald Publishing Limited
SP  - 179
EP  - 208
Y2  - 2024/04/18
ER  -