segunda-feira, 18 de agosto de 2014

Gold and Economy






The extraction of non-renewable natural resources in the form of large-scale mining projects has intensified in recent years in Latin America. In fact, the World Bank and other international financial institutions have continued to encourage countries to commit to extractive industry growth as a development strategy. 

Not surprisingly the mining industry has responded accordingly and many developing countries – both with and without a mining tradition – have seen significant increases in mining investment coming from developed countries. Canada has the biggest share and largest mining industry in the world and much of its outward investment targets Latin American countries. 

Many Latin American states are welcoming mining companies to operate on their territories since revenues from mining can help to increase a country’s Gross Domestic Product and might bolster economic growth which subsequently reduces poverty and unemployment, as the liberal economic discourse purports. 

Campbell

Michael A. Donovan

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