Chapter 2 The return and spread of the transnational mining corporation in the African periphery

The aim of this chapter is to historically situate the case of mining in the Congo within its broader regional context. It is organized in three sections, each corresponding to a separate stage of the process that led to transnational mining corporations once again becoming the dominant force assumi...

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Autor principal: Radley, Ben
Formato: Online
Lenguaje:inglés
Publicado: Oxford University Press 2023
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Acceso en línea:https://library.oapen.org/handle/20.500.12657/85207
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author Radley, Ben
author_browse Radley, Ben
author_facet Radley, Ben
author_sort Radley, Ben
collection Directory of Open Access Books
description The aim of this chapter is to historically situate the case of mining in the Congo within its broader regional context. It is organized in three sections, each corresponding to a separate stage of the process that led to transnational mining corporations once again becoming the dominant force assuming ownership and management of industrial mining projects across the continent. The first stage involved a diagnosis of the economic challenges faced by African economies from the mid-1970s as due to misguided state intervention and government corruption. Based on this diagnosis, during the second stage, the IMF and the World Bank advocated for, financed, and in many instances directly oversaw the liberalization, privatization, and deregulation of mining sectors in low-income African economies. The third stage required criminalizing African miners involved in labour-intensive forms of production and, if required, forcibly displacing them to make way for the construction of capital-intensive, foreign corporate-owned mines.
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spelling doab-20.500.12854ir-1224672025-01-13T09:40:13Z Chapter 2 The return and spread of the transnational mining corporation in the African periphery Radley, Ben Africa, Congo, mining, industrialization, development, corporations, World Bank, foreign direct investment The aim of this chapter is to historically situate the case of mining in the Congo within its broader regional context. It is organized in three sections, each corresponding to a separate stage of the process that led to transnational mining corporations once again becoming the dominant force assuming ownership and management of industrial mining projects across the continent. The first stage involved a diagnosis of the economic challenges faced by African economies from the mid-1970s as due to misguided state intervention and government corruption. Based on this diagnosis, during the second stage, the IMF and the World Bank advocated for, financed, and in many instances directly oversaw the liberalization, privatization, and deregulation of mining sectors in low-income African economies. The third stage required criminalizing African miners involved in labour-intensive forms of production and, if required, forcibly displacing them to make way for the construction of capital-intensive, foreign corporate-owned mines. 2023-11-18T04:01:28Z 2023-11-18T04:01:28Z 2023-11-17T13:52:27Z 2024 chapter https://library.oapen.org/handle/20.500.12657/85207 https://directory.doabooks.org/handle/20.500.12854/122467 eng open access image/jpeg image/jpeg Attribution-NonCommercial-NoDerivatives 4.0 International Attribution-NonCommercial-NoDerivatives 4.0 International https://library.oapen.org/bitstream/20.500.12657/85207/1/Chapter%202.pdf https://library.oapen.org/bitstream/20.500.12657/85207/1/Chapter%202.pdf Oxford University Press 10.1093/oso/9780192849052.003.0002 10.1093/oso/9780192849052.003.0002 db4e319f-ca9f-449a-bcf2-37d7c6f885b1 Disrupted Development in the Congo University of Bath 84e52f9c-d514-4584-b971-0adf2e420297 19 Oxford open access
spellingShingle Africa, Congo, mining, industrialization, development, corporations, World Bank, foreign direct investment
Radley, Ben
Chapter 2 The return and spread of the transnational mining corporation in the African periphery
title Chapter 2 The return and spread of the transnational mining corporation in the African periphery
title_full Chapter 2 The return and spread of the transnational mining corporation in the African periphery
title_fullStr Chapter 2 The return and spread of the transnational mining corporation in the African periphery
title_full_unstemmed Chapter 2 The return and spread of the transnational mining corporation in the African periphery
title_short Chapter 2 The return and spread of the transnational mining corporation in the African periphery
title_sort chapter 2 the return and spread of the transnational mining corporation in the african periphery
topic Africa, Congo, mining, industrialization, development, corporations, World Bank, foreign direct investment
topic_facet Africa, Congo, mining, industrialization, development, corporations, World Bank, foreign direct investment
url https://library.oapen.org/handle/20.500.12657/85207
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