Abstract
After gaining independence from the former colonial powers, most African governments established various kinds of state intervention, including the nationalisation of plants and equipment in the mining sector. This was provoked primarily by disappointing returns from foreign-controlled mining activities to the national economy in terms of employment, fiscal revenues and foreign exchange earnings. The hopes and aspirations of the new administrations were to build local linkages and affirm national sovereignty over natural resources (UNCTAD, 2005). For various internal and external reasons, the record of these interventions was mixed and mostly resulted in high costs and low productivity operations that drained public funds.
This chapter is based on research funded by the Danish Ministry of Foreign Affairs’ Consultative Research Committee for Development Research (Grant no. 91206). The authors are deeply indebted to Per Kalvig for his valuable comments and suggestions on earlier drafts of this chapter. Any remaining deficiencies are the authors’ sole responsibility.
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© 2009 Marianne Nylandsted Larsen, Paul Yankson and Niels Fold
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Nylandsted Larsen, M., Yankson, P., Fold, N. (2009). Does FDI Create Linkages in Mining? The Case of Gold Mining in Ghana. In: Rugraff, E., Sánchez-Ancochea, D., Sumner, A. (eds) Transnational Corporations and Development Policy. Rethinking International Development Series. Palgrave Macmillan, London. https://doi.org/10.1057/9780230228412_12
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DOI: https://doi.org/10.1057/9780230228412_12
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