Extractive resources in Africa : When riches mean war, poverty and corruption
Regrettably, natural resource gifted continent in the world is also home to a staggering level of poverty and corruption
Alem C.
It is a widely held belief both by economists and policy makers that extractive resources worldwide have dictated to a wider extent economic policies and outcomes of countries endowed by them. According to a 2002 World Bank report on mining in developing countries, extractive resources are the decisive economic factors to almost half of the world’s population.