Article
Economies in Bondage: An Essay on the Mining Industry in Africa
Africa Today
Document Type
Article
Publication Date
6-1-1967
Keywords
- Minerals,
- Gold mining,
- Market prices,
- Economic development,
- Capital investments,
- Copper industry,
- Copper mining,
- Economic costs
Disciplines
Abstract
Explains how mining companies are organized "in a network of overlapping groups so that even though a company may compete directly with another at one level, their higher-level supranational organization emphasizes their common interests" (p. 19). African states were constrained to use Western advisors whose counsel was "likely to be limited to the purely technical (in either law, or economics, or engineering -- and conceived in the context of status quo," whereas the crucial problems are surely political, so that "the context of African decision-making should be oriented toward a future world system quite different from today's" (p. 19).
Citation / Publisher Attribution
Africa Today, v. 14, issue 3, p. 16-20
Citation Information
Alvin W. Wolfe. "Economies in Bondage: An Essay on the Mining Industry in Africa" Africa Today Vol. 14 Iss. 3 (1967) p. 16 - 20 Available at: http://works.bepress.com/alvin_wolfe/26/