Abstract
Increased investment in the mining sector in Africa is often presented as a key strategy to leverage growth and development on the continent. The reforms introduced to this end in the 1980s and 1990s have indeed contributed significantly to an increase in investment. According to a United Nations Conference on Trade and Development (UNCTAD) study, by 2004 foreign direct investment (FDI) in mining in Africa had reached US$15 billion annually, representing 15 per cent of the global total, up from 5 per cent during the mid-1980s (UNCTAD, 2005, p. 39). These investments boosted the role of the mining sector in mineral-rich economies. As suggested by a World Bank study, gold mining contributed 2.9 per cent of Mali’s gross domestic product (GDP) in 1994, increasing to 12.7 per cent in 2002, and gold’s contribution to Mali’s total exports increased from 18 per cent in 1996 to 65.4 per cent in 2002 (World Bank, 2005, p. 24).
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© 2013 Bonnie K. Campbell
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Campbell, B.K. (2013). Introduction. In: Campbell, B.K. (eds) Modes of Governance and Revenue Flows in African Mining. International Political Economy Series. Palgrave Macmillan, London. https://doi.org/10.1057/9781137332318_1
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DOI: https://doi.org/10.1057/9781137332318_1
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