The Politics Of Large-Scale Mining In Africa: Domestic Policy, Donors, And Global Economic Processes ? Introduction

The Southern African Institute of Mining and Metallurgy
F. Bourgouin
Organization:
The Southern African Institute of Mining and Metallurgy
Pages:
5
File Size:
1556 KB
Publication Date:
Jan 1, 2011

Abstract

Thirty-one years ago, African leaders met in Lagos for the drafting of the Lagos Plan of Action for the Economic Development of Africa, 1980?2000. The main objective of the plan was to increase Africa?s self-sufficiency and in this regard, the plan had a section pertaining specifically to redressing the ills of an unproductive mining and minerals industry and harnessing its potential for socio-economic development. However, if we look at the nature of this sector on the continent today, its characteristics resemble the diagnosis of the sector given in the plan back in 1980: lack of information on endowments of minerals; lack of value added in the sector; low development and use of those endowments that are not of interest to transnational corporations (TNCs); and most importantly, low contribution to socio-economic development. The primary consequence of the lack of visible benefits to African states, despite growth and development of the sector in terms of increased mining activity led by Foreign Direct Investment is that countries with mining industries are characterized by dysfunctional internal processes. Improvements in governance, monitored with indices such as those set out in the Extractive Industries Transparency Initiative, the Millennium Development Goals, and other such ?good governance? agendas, are being asserted. However, before we prescribe the introduction of initiatives or guidelines based upon highly subjective norms which we believe to fit this diagnosis, it is necessary to review how it is that we got to this situation that we are in today. How is it that, 31 years after the Lagos Plan of Action, we have not seen any major changes in the role the industry can play in socio-economic development, despite the vast increase in mining activity on the continent?
Citation

APA: F. Bourgouin  (2011)  The Politics Of Large-Scale Mining In Africa: Domestic Policy, Donors, And Global Economic Processes ? Introduction

MLA: F. Bourgouin The Politics Of Large-Scale Mining In Africa: Domestic Policy, Donors, And Global Economic Processes ? Introduction. The Southern African Institute of Mining and Metallurgy, 2011.

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