Global campaigns such as the Extractive Industries Transparency Initiative (EITI) to bring more transparency to the oil and gas sectors in an effort to alleviate the resource curse have yet to live up to their promises, a new study finds.
Analyzing the performance of the first 16 countries that comply with the EITI standard over the period 1996-2014, the study finds that in most metrics EITI countries do not perform better during EITI compliance than before it, and that they do not outperform other countries. Published in the journal World Development, this is the first mixed methods, longitudinal estimation of whether the EITI’s transparency standard actually improves governance and development outcomes in its member countries compared to reference classes of other countries, including those mired in poverty as well as members of the Organization of Petroleum Exporting Countries.
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