Another view on the economy of minerals
June 17th, 2010
We need to rethink the traditional relationship between industrial resource extraction and local development, writes Transparency International's François Valérian.
Our traditional approach to the link between industrial exploitation of underground wealth and local development is fundamentally flawed. While there is ample recognition that industrial corporations have to help local development where they operate, the rationale behind such efforts is rarely articulated. Implicit rationale is most often to buy some kind of local peace through community investment. More theoretical and acceptable explanations make extensive use of...