In the News
Zambia not gaining from copper prices
11th February 2017
A rather sad, but typical, development story from Zambia, where the BBC's Kennedy Gondwe highlights the fact that, despite the recent rise on the global price of copper, this hasn't served to boost the economy of Ndola, in the country's Copper Belt province.
Why? In part, uncertainty regarding government policy, but the real reason is the relative power of the different stakeholders - multinational mining companies, with monopoly/monopsony positions in product and factor markets are likely to be making higher profits.
Zambia has Africa's largest copper reserves and the world's third largest copper reserves.
While #Zambia is the 8th largest producer of copper, its revenues are less than the global average. https://t.co/usuX2oFQum #goodgov pic.twitter.com/Gr8bL0mDBj
— World Bank Gov (@wbg_gov) January 29, 2017
Zambia Copper Output to Double in 2017 - https://t.co/kJXpnQK2zU pic.twitter.com/Ea1m34pIuR
— Afrikonomics (@afrikonomics) January 20, 2017
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