Explaining Why Natural Resource Development Fails to Lift People Out of Poverty: A Case of Africa
|Author: ||De Silva, Nilani|
Are resources being distributed only to make wealthy elites wealthier? How do the World Bank, the International Monetary Fund, and the World Trade Organization foster a neo-liberal capitalist agenda that promotes wealth accumulation among these elites? The book looks at how this process can be stopped. It argues that resource distribution must benefit the people in a fair and even manner. The previous studies on this issue, mainly from the West, construct discourses and produce languages of poverty, or tribalism, arguing that these are the major factors contributing to civil conflict and underdevelopment. This book tries to look at how these factors can be overcome through responsible resource development.
“Although foreign direct investment continues to be seen as the only way forward to lift Africa out of poverty, the author contends these interventions do more harm than good.”
Prof. Verdiana Grace Masanja,
National University of Rwanda
“Rarely has a single recent manuscript offered such a broad and diverse engagement with extractive industries in Africa. Even less often do manuscripts combine theoretical insights informed by Foucault, global primary and secondary case material (including India, the Nordic countries, China, and Sri Lanka) with case studies on CSR in multiple locations throughout Africa.”
Prof. Nicholas A. Jackson
University of Denver, Ph.D.
“The author explores pertinent issues regarding the exploitation of Africa through its natural resources which is tantamount to re-colonization of the continent. The author challenges conventional arguments why African ore is not processed in Africa and questioned the neoliberal order which is purportedly based on a free market economy.”
Prof. P. Tangwe Tanga,
University of Fort Hare