By Miles Larmer (Editor) Alastair Fraser (Editor)
This ebook paints a shiny photo of Zambia’s event using the copper expense rollercoaster. It brings jointly the simplest of modern examine on Zambia’s mining from eminent students in heritage, geography, anthropology, politics, sociology and economics. The authors talk about how reduction 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 by way of chinese language funding, how both businesses and the Zambian kingdom answered to dramatic instabilities in international commodity markets considering 2004, and the way frustration with the dating of mining multinationals has ended in the increase of populist competition. This distinct examine of a key in a negative significant African nation tells us very much in regards to the volatile nature and asymmetric affects of the full worldwide economic climate.
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Additional info for Zambia, Mining, and Neoliberalism: Boom and Bust on the Globalized Copperbelt (Africa Connects)
Example text
As part of the liberalization process, the Investment Act and the Mines and Minerals Act withdrew many existing state controls on the behavior of the mining companies. The free market model that emerged involves a claim that private-sector companies and governments should work in partnership to deliver poverty reduction. The principal responsibility of the new mine owners is to invest much-needed capital, revitalizing the regional economy and generating employment for workers and a market for local producers.
29 The hope for international aid donors was that an energetic, reforming government, backed by the unions, could lead a popular privatization process. Donors offered significant financial assistance, projecting Zambia as a success story that affirmed the “dual transition” thesis, popular at the end of the cold war, that in formerly socialist one-party states, economic and political reform processes—capitalism and democracy—could be mutually reinforcing. 30 They sought to secure a massive privatization program by “buying” the MMD an extended political honeymoon.
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.
