Countries that are endowed with extractive resources such as oil and gas can have tremendous impact to the economy if the emanating wealth is well managed, allocated, and distributed. Good governance of extractive resources creates employment thus improving well-being among national citizens. At the same time, for governments, this may generate new revenue streams and fund basic government services and stimulate further economic growth.
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Publication reference
Mavuti, K. W., Osiolo, H. H., & Kariuki, C. W. (2021). Public Wealth Management and Distribution in Kenya’s Extractives Sector. CSR, Sustainability, Ethics & Governance, 55–71. https://doi.org/10.1007/978-3-030-56092-8_3