Disrupted Development in the Congo
The Fragile Foundations of the African Mining Consensus
|dc.description.abstract||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.|
|dc.relation.ispartofseries||Critical Frontiers of Theory, Research, and Policy in International Development Studies|
|dc.subject.classification||bic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCT Agricultural economics|
|dc.subject.other||Africa, Congo, mining, industrialization, development, corporations, labour, global value chains, conflict, gold|
|dc.title||Disrupted Development in the Congo|
|dc.title.alternative||The Fragile Foundations of the African Mining Consensus|
|oapen.relation.hasChapter||Chapter 1 Disrupted development in the Congo|
|oapen.relation.hasChapter||Chapter 2 The return and spread of the transnational mining corporation in the African periphery|
|oapen.relation.hasChapter||Chapter 3 Foreign mining corporations on trial|
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Chapters in this book
(2024)This introductory chapter sets out the book’s aims and contributions, outlines its main lines of argument, and details the theoretical foundations underpinning the African Mining Consensus, which holds that transnational ...
(2024)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 ...
(2024)By the 2010s, the view that state mismanagement and inefficiencies underlay the Congo’s economic malaise had become so commonplace as to permeate nearly all thinking about development in the country. The aim of this chapter ...