4 ms·
Nope. They know where the best copper (among numerous other resources) is, but the cost to extract it is too high for political reasons. We are talking about kn
by austincheney 5y ago
Nope. They know where the best copper (among numerous other resources) is, but the cost to extract it is too high for political reasons. We are talking about known (already proven) resource deposits in the estimated $5-50 trillion range.
1. CAR/DRC
2. Afghanistan
- Razengan 5y agoHopefully those traditionally poverty-stricken regions can now flourish from their metal equivalent of an oil rush.
- badpun 5y agoIn most cases, the riches from natural resources fund a cleptocratic regime, which does very little for the actual people. Often, the riches create conflicts (wars, civil wars) between competing cleptocracies, and the people suffer greatly in result. https://en.m.wikipedia.org/wiki/Resource_curse https://en.m.wikipedia.org/wiki/Resource_curse
- tsjq 5y agoAn interesting NPR article /podcast episode on how Norway handled this . "How To Avoid The Oil Curse : Planet Money : NPR" https://www.npr.org/sections/money/2011/09/06/140110346/how-to-avoid-the-oil-curse https://www.npr.org/sections/money/2011/09/06/140110346/how-...
- jeffreyrogers 5y agoI think it boils down to: be Norwegian, i.e. have an already well functioning government and relatively egalitarian society.
- austincheney 5y agoBotswana figured it out too.
- jeffreyrogers 5y agoI don't know much about Botswana (I've been to other nearby countries in Africa, but not there), but just from looking at things like it's Gini index I'm skeptical. It definitely appears much better off than its neighbors though and seems to be on a good trajectory.
- jcranmer 5y agoBotswana is generally considered one of the best-run countries in Africa, along with the island nations (Cape Verde, Seychelles, and Mauritius) and the countries in North Africa (Morocco to Egypt). For example, it's 5th in Africa the Human Development Index (behind Mauritius, Seychelles, Algeria, and Tunisia--and ahead of South Africa). In GDP (PPP) per capita, it's 4th, behind Seychelles, Mauritius, and Equatorial Guinea.
- jeffreyrogers 5y agoI know that, but being one of the best run countries in Africa is very far from being Norway, as I was getting at with the Gini index.