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Natural Resource Governance in Latin America and the Caribbean: Social and Environmental Policies for Inclusive Growth

An all day panel on natural resource governance in Latin America and the Caribbean

Date & Time

Mar. 3, 2016
9:00am – 5:30pm
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Natural Resource Governance in Latin America and the Caribbean: Social and Environmental Policies for Inclusive Growth

 

Download the event report here

Economic growth has slowed dramatically in Latin America since mid-2011. This stands in marked contrast to the previous decade, when countries in the region saw the largest sustained growth rates in their history. The main drivers of this boom and bust cycle are commodity price volatility and fluctuations in international demand for Latin America’s natural resource products. The growth fluctuations of recent years reflect Latin America’s strong dependence on the price of commodities, mainly extractive industry products, such as metals and crude oil. Once again, Latin America’s economic prospects hinge largely on its extractive industry abundance and variations in external factors, particularly the price of commodities, demand from China, and shrinking investment flows. Within the current macroeconomic context of low commodity prices, Latin American countries face the challenge—and opportunity—to adopt a new natural resource governance model that maximizes development benefits while respecting transparency and social and environmental sustainability. A new governance paradigm for Latin America’s extractive sector should be based on ample stakeholder participation—including local and federal governments, companies, local communities, and society as a whole—and deep institutional reform, both at the central and subnational government levels.

With this challenge in mind, the Wilson Center and the World Bank brought together several stakeholders from the region to discuss tools available for central and subnational governments to capitalize on their natural resource endowments while ensuring social equity and environmental protection. The debate took the form of a high-level dialogue on “Natural Resource Governance in Latin America and the Caribbean: Social and Environmental Policies for Inclusive Growth,” which took place on March 3, 2016, at the Wilson Center, in Washington, DC. 

Co-organized by: 

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Hosted By

Latin American Program

The Wilson Center’s prestigious Latin American Program provides non-partisan expertise to a broad community of decision makers in the United States and Latin America on critical policy issues facing the Hemisphere. The Program provides insightful and actionable research for policymakers, private sector leaders, journalists, and public intellectuals in the United States and Latin America. To bridge the gap between scholarship and policy action, it fosters new inquiry, sponsors high-level public and private meetings among multiple stakeholders, and explores policy options to improve outcomes for citizens throughout the Americas. Drawing on the Wilson Center’s strength as the nation’s key non-partisan forum, the Program serves as a trusted source of analysis and a vital point of contact between the worlds of scholarship and action.  Read more

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