The aim of this paper is to stress upon the need
of further examination of footholds of development
policies, global resource governance, resource revenues,
and effective and sustainable utilization of resources. The
present scenario warrants further examination due to
change of consciousness with regard to resource
extraction. With a better understanding of the
mechanisms with regard to empirical evidence, this paper
assesses the pivotal development policy alternatives
needed to be formulated and to be executed concretely for
holistic social development.