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The data suggests otherwise. When it comes to resource extraction, there’s conventional wisdom among most economists and development agencies: that private enterprises are more efficient and capable than the state. That the exploitation of natural resources generates more wealth when managed by the private sector. As such, the likes of the IMF and the World Bank promote foreign direct investment in African states. Meanwhile, many analysts warn against a resurgence of so-called resource nationalism. They suggest that state intervention is often motivated by populist considerations and raise fears that past mistakes will be repeated with dire socio-economic consequences. A recent […]
Land rights and mining read moreA project of Phuhlisani NPC supported by Absa. This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike. International License.