Title: Developing a framework for sustainable development in extractive industries: a Latin America perspective
Authors: Philip R. Walsh; Mauricio Ferro
Addresses: Department of Entrepreneurship and Strategy Ted Rogers School of Management Ryerson University, Toronto, M5B 2K3, Canada ' Faculty of Divinity, Trinity College, University of Toronto, Toronto, M5S 1H8, Canada
Abstract: This paper serves to examine the roles and responsibilities of Nation States in managing their extractive industries and maintaining the sustainable development of their natural resources. In Latin America there exist areas where the State is weak and communities must rely on extractive industry actors and non-State actors to replace the State in providing the necessary services to allow for the communities to remain sustainable; economically, socially and environmentally. In order to assist extractive sector firms in evaluating their roles under that circumstance we put forward a conceptual framework that provides the principal questions that need to be considered in order to establish the rules of engagement with stakeholders and the key principles, goals, and standards that inform the actions to be taken to promote sustainable development.
Keywords: extractive sector; Latin America; sustainable development; framework of analysis; stakeholder engagement.
International Journal of Innovation and Sustainable Development, 2020 Vol.14 No.1, pp.67 - 85
Received: 20 Feb 2018
Accepted: 02 Mar 2018
Published online: 15 Dec 2019 *