The Role of States and International Institutions in Enhancing Corporate Investment and in Protection of Indigenous People’s Right in the Governance of Resources Rich Countries (original) (raw)

Abstract

Natural resources formed a greater part of literature on development issues around poor countries in recent times, our findings showed this erudition has been so fascinating about the crisis emanating from the presence of these resources, we are obliged to agree that resource rich countries are rather "cursed" especially in the African continent, i the text shows that problems are sparked by the pervasiveness in resources management and governance. ii Poor political leadership, economic mismanagement, and social upheaval are the various concerns which significantly form the basis for recurrent cases of natural resources abuse, no doubt these have negatively crushed economic growth and human development, iii one would expect that a more serious and efficient government should attempt to balance economic improvement and social difficulties of stealing, siphoning and starching abroad of the common wealth of the people who heavily rely on the resources in the country for every measure of growth. But what is common amongst these resources rich nations is that, resource reliance tends to influence governments themselves, making them care and unable to resolve disagreements within their territories and so the nation becomes more prone to aggravated conflicts that could led to full blown wars. Corporate romance, corruption, state weakness, and lack of accountability, iv have been prevalent among the Nations, it is not unexpected that individuals and groups are more likely to rise up, some in arms and others mere agitations against their government when their economic state is bad and getting sadder. These cases are replete with indigenous people who complain about marginalization and abuse of human rights, for example the people of Ogoni in the oil rich region of Nigeria, once poverty and unemployment are prevalent, the possibility of hostility, kidnapping and plundering appears more attractive by comparison, this pattern is worrisome, but this is the case with countries like Nigeria. 2. Indigenous People's Rights and Conflict Several countries with extractive industry that requires sophisticated technologies and expertise for the resource exploration have had to rely on transnational corporations to supply the know-how. Indigenous groups, comprising of people predominantly around the resource location, suffers the effect of the reckless exploration activities, studies have shown that these people experience abject poverty and diseases, v the people out of frustration have resorted to targeting the facilities of

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References (20)

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