Institutions for the extraction and management of natural resources are crucial for Africa's development. In the absence of industrial might and a well-developed services sector, the natural resources in Africa will form the basis of the income of governments and individuals for some time to come. Thus any study that explores the interface between natural resources, investment and Africa's development is welcome. The study of resource extraction has assumed even greater importance in the wake of a number of African countries becoming oil-producing economies. Also there is an argument in the literature that, as countries become resourcerich, particularly oil-resource-rich, they tend to ignore the strictures of good governance, with severe consequences for their citizens. The collection of essays edited by Francis Botchway in Natural Resource Investment and Africa's Development is therefore a welcome inquiry into rules and natural resources. This is an impressive volume and, unfortunately, space does not allow us to comment on all of the chapters. Nevertheless the chapters we do review engage in a critical analysis of resource regimes by unpacking and analysing the governance of resources. Divided into three thematic sections, the first section deals mainly with managing the complexities of the resource curse.
African Journal of International and Comparative Law – Edinburgh University Press
Published: Oct 1, 2012