Abstract
A number of studies in the academic and policy literature suggest that resource-rich countries with democratic political systems are more likely than their resource-rich counterparts with less democratic systems to enjoy prudential governance of natural resources, which, in turn, makes inclusive sustainable development more likely. This report focuses on the potential roles of stakeholders and institutions in the governance of natural resources. It aims to pinpoint specific mechanisms that are pivotal for ensuring prudential management. It draws on a multitude of examples and includes six case studies that illustrate the interaction between democracy, natural resources and development outcomes.
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