Disrupted Development in the Congo
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, a...
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| Format: | Online |
| Idioma: | anglès |
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Oxford University Press
2023
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| Accés en línia: | OCN: 1407834641 |
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| _version_ | 1869520725464842240 |
|---|---|
| author | Radley, Ben |
| author_browse | Radley, Ben |
| author_facet | Radley, Ben |
| author_sort | Radley, Ben |
| collection | Directory of Open Access Books |
| description | 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 holds that transnational mining corporations are best placed to drive structurally transformative processes of mining-based development on the continent. 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.
Through a detailed case study of gold mining in the Democratic Republic of the Congo, Disrupted Development in the Congo reveals the fragile foundations on which this consensus rests. The book documents how foreign mining corporations in the Congo have been prone to mismanagement, inefficiencies, and rent-seeking, and implicated in fuelling conflict and violence. In addition, the book details how structural impediments to the transformative effects of mining industrialization in low-income settings occur irrespective of ownership and management structures. In light of these constraints, and the levels of overseas surplus extraction and domestic marginalization associated with foreign-owned industrial mining, a shift to domestic-owned forms of mining-based development would better meet the needs of low-income African economies for rising productivity, labour absorption, and the domestic retention of the value generated by productive activity than the currently dominant but disarticulated and disruptive foreign corporate-led model. |
| format | Online |
| id | doab-20.500.12854ir-122473 |
| institution | Directory of Open Access Books |
| language | eng |
| publishDate | 2023 |
| publishDateRange | 2023 |
| publishDateSort | 2023 |
| publisher | Oxford University Press |
| publisherStr | Oxford University Press |
| record_format | ojs |
| spelling | doab-20.500.12854ir-1224732025-03-21T00:28:20Z Disrupted Development in the Congo Radley, Ben Africa, Congo, mining, industrialization, development, corporations, labour, global value chains, conflict, gold 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 holds that transnational mining corporations are best placed to drive structurally transformative processes of mining-based development on the continent. 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. Through a detailed case study of gold mining in the Democratic Republic of the Congo, Disrupted Development in the Congo reveals the fragile foundations on which this consensus rests. The book documents how foreign mining corporations in the Congo have been prone to mismanagement, inefficiencies, and rent-seeking, and implicated in fuelling conflict and violence. In addition, the book details how structural impediments to the transformative effects of mining industrialization in low-income settings occur irrespective of ownership and management structures. In light of these constraints, and the levels of overseas surplus extraction and domestic marginalization associated with foreign-owned industrial mining, a shift to domestic-owned forms of mining-based development would better meet the needs of low-income African economies for rising productivity, labour absorption, and the domestic retention of the value generated by productive activity than the currently dominant but disarticulated and disruptive foreign corporate-led model. 2023-11-18T04:08:21Z 2023-11-18T04:08:21Z 2023-11-17T13:42:51Z 2024 book OCN: 1407834641 https://library.oapen.org/handle/20.500.12657/85205 9780192849052 https://directory.doabooks.org/handle/20.500.12854/122473 eng Critical Frontiers of Theory, Research, and Policy in International Development Studies open access Oxford University Press 10.1093/oso/9780192849052.001.0001 10.1093/oso/9780192849052.001.0001 db4e319f-ca9f-449a-bcf2-37d7c6f885b1 Chapter 1 Disrupted development in the Congo Chapter 2 The return and spread of the transnational mining corporation in the African periphery Chapter 3 Foreign mining corporations on trial 9780192849052 224 Oxford open access |
| spellingShingle | Africa, Congo, mining, industrialization, development, corporations, labour, global value chains, conflict, gold Radley, Ben Disrupted Development in the Congo |
| title | Disrupted Development in the Congo |
| title_full | Disrupted Development in the Congo |
| title_fullStr | Disrupted Development in the Congo |
| title_full_unstemmed | Disrupted Development in the Congo |
| title_short | Disrupted Development in the Congo |
| title_sort | disrupted development in the congo |
| topic | Africa, Congo, mining, industrialization, development, corporations, labour, global value chains, conflict, gold |
| topic_facet | Africa, Congo, mining, industrialization, development, corporations, labour, global value chains, conflict, gold |
| url | OCN: 1407834641 |
| work_keys_str_mv | AT radleyben disrupteddevelopmentinthecongo |