Fragility, trade and inclusive development in resource-rich African countries

Abstract

Extractive resources provide employment, food security, export revenues, and a basis for private-sector development. They are vital for basic services since they largely form the pillar on which local livelihood systems are built, in addition to their cultural and social values. If managed inclusively and equitably, resource revenues can be the foundation for transformative change. But many African states affected by fragility and conflict have struggled to transform their resource wealth into realizable practical development gains for their populations.