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Disrupted Development in the Congo

The Fragile Foundations of the African Mining Consensus

Jazyk AngličtinaAngličtina
E-kniha Adobe ePub DRM
Nakladateľstvo OUP Oxford, október 2023
Since the turn of the century, low-income African countries have undergone a process of mining indus... Celý popis
? points 203 b
84.19
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Since the turn of the century, low-income African countries have undergone a process of mining industrialization led by transnational corporations. The process has been sustained by an African Mining Consensus uniting international financial institutions, African governments, development agencies, and various strands of the academic literature. The Consensus position is that mining industrialization can drive transformative processes of social and economicdevelopment in low-income African settings. For this, state-owned enterprises and local forms of labour-intensive mining are deemed unsuitable. The former is characterized as corrupt and mismanaged, and the latter as an inefficient, subsistence activity with links to conflict financing. The Consensus holds,instead, that mining industrialization should be led by the superior expertise and efficiency of transnational corporations. Disrupted Development in the Congo reveals the fragile foundations on which this Consensus rests. Through an in-depth case study of mining in the Democratic Republic of the Congo, Ben Radley details how foreign corporations have been prone to mismanagement, inefficiencies, and rent-seeking, and implicated in fuelling conflict and violence. He also documents how structural impediments to the transformative effects of mining industrialization in low-income African countries occurirrespective of ownership and management structures. Based on the findings presented, Radley urges a move away from the market-led logics underpinning the Consensus. In the mining sector itself, he argues that efforts to mechanize labour-intensive forms of local mining better meet the needs of low-income Africaneconomies for rising productivity, labour absorption, and the domestic retention of the value generated by productive activity than the currently dominant but disruptive foreign corporate-led model. Part of this title is published open access. This part is made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 International licence. It is available to read and download as a PDF on the Oxford Academic platform.

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Celý názov Disrupted Development in the Congo
Autor Ben Radley
Jazyk Angličtina
Väzba E-kniha - Adobe ePub DRM
Dátum vydania 2023
Počet strán 240
EAN 9780192665560
Libristo kód 44831069
Nakladateľstvo OUP Oxford
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