Corruption is a serious problem in many developing countries that are rich in oil and other natural resources. This is central in explaining why resource rich countries perform badly in terms of socioeconomic development. Transparency has recently been viewed as a key factor in reducing corruption and other dysfunctions in natural resource rich countries. This paper addresses the relationship between transparency and corruption, with an emphasis on oil rich countries. It provides a systematic overview of the available literature and arguments on transparency and corruption. In particular, using the case of Angola, it focuses on some of the main corruption related problems caused by limited access to information. It also looks at the approach of current transparency initiatives, such as the Extractive Industries Transparency Initiative (EITI). The analysis of the paper aims to increase understanding of the role of transparency, thus providing a general basis for subsequent policy analysis in this area. The paper is part of the project ‘Corruption in Natural Resource Management’ at the U4 Anti-Corruption Resource Centre: www.U4.no.
Fuente: Anti-corruption Resource Centre – U4