Rethinking mining as a development panacea: an analytical review

Extant literature exists so far on the positive contribution of mining to economic growth. However, contrary views have also been found in the form of the ‘resource curse’ and mining-induced displacement literature. These opposing literature perspectives deserve attention when mining is pursued as a...

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Main Author: Mandishekwa, Robson
Format: Article
Language:English
Published: Springer Science and Business Media Deutschland GmbH 2021
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Online Access:https://link.springer.com/article/10.1007/s13563-020-00243-2
http://hdl.handle.net/11408/4267
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author Mandishekwa, Robson
author_facet Mandishekwa, Robson
author_sort Mandishekwa, Robson
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description Extant literature exists so far on the positive contribution of mining to economic growth. However, contrary views have also been found in the form of the ‘resource curse’ and mining-induced displacement literature. These opposing literature perspectives deserve attention when mining is pursued as a panacea for economic growth. Little, if any, attention has so far been made to bring these perspectives together. The current study, therefore, brought these views together and suggested the need to rethink mining as a panacea for growth. The study found that while most governments generally accept the contribution of mining to growth and, therefore, justify mining-induced displacement, this growth strategy leads to significant counter-effects like the resource curse, disturbances in economic activities and finally satisfaction with life. Further, effects like political instability have also been highlighted. Considering all these negative effects, the benefits espoused from mining activities may not obtain. Therefore, a very serious rethinking of mining as a strategy to stimulate economic growth is necessary.
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spelling ir-11408-42672022-06-27T13:49:06Z Rethinking mining as a development panacea: an analytical review Mandishekwa, Robson Mining Economic development Welfare Resource curse Development-induced displacement Extant literature exists so far on the positive contribution of mining to economic growth. However, contrary views have also been found in the form of the ‘resource curse’ and mining-induced displacement literature. These opposing literature perspectives deserve attention when mining is pursued as a panacea for economic growth. Little, if any, attention has so far been made to bring these perspectives together. The current study, therefore, brought these views together and suggested the need to rethink mining as a panacea for growth. The study found that while most governments generally accept the contribution of mining to growth and, therefore, justify mining-induced displacement, this growth strategy leads to significant counter-effects like the resource curse, disturbances in economic activities and finally satisfaction with life. Further, effects like political instability have also been highlighted. Considering all these negative effects, the benefits espoused from mining activities may not obtain. Therefore, a very serious rethinking of mining as a strategy to stimulate economic growth is necessary. 2021-05-27T11:22:13Z 2021-05-27T11:22:13Z 2021 Article 2191-2211 https://link.springer.com/article/10.1007/s13563-020-00243-2 http://hdl.handle.net/11408/4267 en Mineral Economics;Vol.34 :p.151–162 open Springer Science and Business Media Deutschland GmbH
spellingShingle Mining
Economic development
Welfare
Resource curse
Development-induced displacement
Mandishekwa, Robson
Rethinking mining as a development panacea: an analytical review
title Rethinking mining as a development panacea: an analytical review
title_full Rethinking mining as a development panacea: an analytical review
title_fullStr Rethinking mining as a development panacea: an analytical review
title_full_unstemmed Rethinking mining as a development panacea: an analytical review
title_short Rethinking mining as a development panacea: an analytical review
title_sort rethinking mining as a development panacea: an analytical review
topic Mining
Economic development
Welfare
Resource curse
Development-induced displacement
url https://link.springer.com/article/10.1007/s13563-020-00243-2
http://hdl.handle.net/11408/4267
work_keys_str_mv AT mandishekwarobson rethinkingminingasadevelopmentpanaceaananalyticalreview