This new report, from the McKinsey Global Institute, looks at how countries that have large resource endowments can handle them more effectively in order to bolster their economic development. It explicitly acknowledges that resource-driven countries are at different stages of their economic development. It aims to give policy makers and extractive companies concrete and detailed information to guide their approaches. The report links partnerships between governments and companies back to national competitive advantage and the creation of value for shareholders. They have analyzed the full resources value chain from exploration through the development of related economic sectors to understand the common issues facing resource-driven countries and have then identified quantifiable lessons.
