The political economy of raw materials
Author(s)/Corporate Author (s)Girvan, Norman.;
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Perhaps more than in any other area, the minerals sector symbolizes the exploitative relationships which exist between the Third World and the developed capitalist countries. The mineral resources of the Third World play an absolutely essential and strategic role in the economies of the center countries. The instruments of integrating Third World mineral resources with manufacturing industry in the center have, historically, been the large, monopolistic multinational corporations which have engaged in direct investment in the Third World for extraction of the required raw materials for export to processing facilities in the center. At the same time and as a result, this pattern of exploitation has resulted in the creation of deformed, dependent economic structures in the Third World, and the systematic divorce of resource use from the satisfaction of the basic material needs of the people in these countries.
Citation“Girvan, Norman.; (1975-07). The political economy of raw materials. Dakar. © UN. IDEP. ”
- Natural Resources Management