Impacts of Fiscal Reforms on Country Attractiveness: Learning From the Facts

Since 2007, the financial media and international conference circuit have been sounding the alarm about a  growing international trend of “natural resource nationalism.” Commodity prices have trended upward, even following the global economic crisis in 2008, and governments around the world have been taking another look at their share of the soaring revenues from the mining and hydrocarbon sectors. Monitoring this international trend of fiscal reforms in extractive industries is an ongoing part  of the VCC’s research. The VCC completed a study of select fiscal reforms in the mineral and hydrocarbon sectors in both developed  and developing countries, evaluating the impact of reforms on a country’s attractiveness for investment in the resource sectors (also published in the Yearbook on International Investment Law & Policy 2011-2012).