Zambia, Mining, and Neoliberalism: Boom and Bust on the by Miles Larmer (Editor) Alastair Fraser (Editor)

By Miles Larmer (Editor) Alastair Fraser (Editor)

This publication paints a bright photo of Zambia’s adventure using the copper fee rollercoaster. It brings jointly the simplest of modern examine on Zambia’s mining from eminent students in background, geography, anthropology, politics, sociology and economics. The authors speak about how relief donors pressed Zambia to denationalise its key and the way multinational mining homes took benefit of tax-breaks and lax legislation. It considers the possibilities and risks provided through chinese language funding, how both businesses and the Zambian nation replied to dramatic instabilities in worldwide commodity markets seeing that 2004, and the way frustration with the dating of mining multinationals has ended in the increase of populist competition. This precise learn of a key in a terrible imperative African nation tells us very much concerning the risky nature and asymmetric affects of the entire worldwide economic climate.

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Additional info for Zambia, Mining, and Neoliberalism: Boom and Bust on the Globalized Copperbelt (Africa Connects)

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Using rapid changes in name, address, and corporate identity, the investors consciously “shape-shifted” to evade responsibility (and the courts). The China Crisis Investors operating in Luanshya were not the only controversial new firms on the Copperbelt. The companies that bought into ZCCM arrived from South Africa, Britain, Australia, and Canada, long established in the mining industry, but also from India and China. It was the Chinese who attracted by far the most attention, both within Zambia and internationally.

Com - licensed to Universitetsbiblioteket i Tromsoe - PalgraveConnect - 2011-03-11 Introduction Alastair Fraser success, to overcome these problems through collective action by African states). A number of developing countries initially responded by seeking to generate capital through nationalizing major mining companies. Bissell concluded at the time that nationalization gave African states only “marginally greater control over the ultimate target of such a move: prices and export earnings. ”17 So it proved in Zambia.

As Lee discusses in her chapter in this volume, frustrations at the treatment of the workforce have, since the mine was privatized, frequently boiled over into violence. com - licensed to Universitetsbiblioteket i Tromsoe - PalgraveConnect - 2011-03-11 Introduction Alastair Fraser those frustrations political focus and placed them in the spotlight. Presidential candidate Michael Sata of the Patriotic Front (PF) successfully mobilized popular sentiments by vehemently criticizing Chinese companies, promising to expel foreign investors who abused their workforce, and threatening diplomatic confrontation with the Chinese state.

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