value capture
-
Why Zambia’s Mineral Wealth Has Not Produced Prosperity

Extraction without Accumulation: The Political Economy of Zambia’s Underdevelopment Zambia’s position within the global minerals economy conforms closely to John Perkins’ description, reflecting extraction structured through political control, legal asymmetry, and external economic power. Perkins wrote that modern economic structures operate “to convince leaders of underdeveloped countries to accept huge loans, so that even more Continue reading
