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Regulatory Regimes, Foreign Mining Investment, and Risk in the Asia-Pacific Region: Comparative Evaluation and Policy Implications

  • Terry O’CallaghanEmail author
  • Vlado Vivoda
Chapter
Part of the The Political Economy of the Asia Pacific book series (PEAP)

Abstract

This chapter analyses the major issues associated with regulatory governance of foreign mining investment in the Asia-Pacific Region. After surveying relevant literature on regulatory regimes, the chapter draws on the seminal work of Stern and Holder to evaluate the major regulatory governance issues in China, India, Indonesia, Papua New Guinea, and the Philippines. Our analyses indicate that there are six key regional challenges: regulatory overlap, regulatory capture and a lack of independence from government, a lack of impartiality in decision-making, a lack of transparency in decision-making, inadequate stakeholder engagement and access to regulators, and a lack of institutional capacity. These challenges are more pronounced in some countries than in others. Policy implications that may aide regional governments to improve governance infrastructure in their mining industries are outlined.

Abbreviations

ADB

Asian Development Bank

CoW

Contract of Work

CPI

Corruption Perceptions Index

EIA

Environmental Impact Assessment

FDI

Foreign Direct Investment

IFC

International Finance Corporation

PNG

Papua New Guinea

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Copyright information

© Springer International Publishing AG 2017

Authors and Affiliations

  1. 1.Centre for International Risk, School of Communication, International Studies and LanguagesThe University of South AustraliaAdelaideAustralia
  2. 2.Centre for Social Responsibility in Mining, Sustainable Minerals InstituteThe University of QueenslandSt LuciaAustralia

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