In light of the various corruption risks, good governance of the extractives sector is therefore essential for the successful development of countries with large natural resources endowments.

There are many examples of good practice from developed and emerging economies that have helped mitigate the risks of corruption along the extractives value chain. This demonstrates that the so-called “resource curse” is not inevitable. Importantly, research also shows that many innovative practices also arise directly in developing countries, although challenges in implementation exist.