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The looting machine : warlords, oligarchs, corporations, smugglers, and the theft of Africa's wealth

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Book

First edtion.

The trade in oil, gas, gems, metals and rare earth minerals wreaks havoc in Africa. During the years when Brazil, India, China and the other "emerging markets" have transformed their economies, Africa's resource states remained tethered to the bottom of the industrial supply chain. While Africa accounts for about 30 per cent of the world's reserves of hydrocarbons and minerals and 14 per cent of the world's population, its share of global manufacturing stood in 2011 exactly where it stood in 2000: at 1 percent. In his first book, The Looting Machine , Tom Burgis exposes the truth about the African development miracle: for the resource states, it's a mirage. The oil, copper, diamonds, gold and coltan deposits attract a global network of traders, bankers, corporate extractors and investors who combine with venal political cabals to loot the states' value. And the vagaries of resource-dependent economies could pitch Africa's new middle class back into destitution just as quickly as they climbed out of it. The ground beneath their feet is as precarious as a Congolese mine shaft; their prosperity could spill away like crude from a busted pipeline. This catastrophic social disintegration is not merely a continuation of Africa's past as a colonial victim. The looting now is accelerating as never before. As global demand for Africa's resources rises, a handful of Africans are becoming legitimately rich but the vast majority, like the continent as a whole, is being fleeced. Outsiders tend to think of Africa as a great drain of philanthropy. But look more closely at the resource industry and the relationship between Africa and the rest of the world looks rather different.

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Location Call Number /
Shelving Location
Barcode Status /
Due Date
Newark Public Library 338.2096 BUR (Text)
Adult Nonfiction
52125300703503
Available
-
LDR 03230cam a2200373Ii 4500
001507072
003OWWL
00520150330000000.0
008140727s2015 nyuabf e b 001 0 eng
010 . ‡a 2015930296
020 . ‡a9781610394390
020 . ‡a1610394399
035 . ‡a(SKY)sky274171086
040 . ‡aBTCTA ‡beng ‡cBTCTA ‡dBDX ‡dGK8 ‡dIH9 ‡dMIO ‡dMLN ‡dSKYRV ‡erda
049 . ‡aXDR
050 4. ‡aHD9506.A572 ‡bB873 2015
08204. ‡a338.2096 ‡223
092 . ‡fNon-F ‡a338.209 Bur
1001 . ‡aBurgis, Tom, ‡eauthor.
24514. ‡aThe looting machine : ‡bwarlords, oligarchs, corporations, smugglers, and the theft of Africa's wealth / ‡cTom Burgis.
24630. ‡aWarlords, oligarchs, corporations, smugglers, and the theft of Africa's wealth
250 . ‡aFirst edtion.
264 1. ‡aNew York : ‡bPublic Affairs, ‡c2015.
264 4. ‡c©2015
300 . ‡axi, 321 pages, [7] pages of plates : ‡billustrations, map ; ‡c25 cm.
336 . ‡atext ‡btxt ‡2rdacontent
337 . ‡aunmediated ‡bn ‡2rdamedia
338 . ‡avolume ‡bnc ‡2rdacarrier
504 . ‡aIncludes bibligraphical references and index.
5050 . ‡aFutungo, Inc. -- "It is forbidden to piss in the park" -- Incubators of poverty -- Guanxi -- When elephants fight, the grass gets trampled -- A bridge to Beijing -- God has nothing to do with it -- Finance and cyanide -- Black gold -- New money kings.
520 . ‡aThe trade in oil, gas, gems, metals and rare earth minerals wreaks havoc in Africa. During the years when Brazil, India, China and the other "emerging markets" have transformed their economies, Africa's resource states remained tethered to the bottom of the industrial supply chain. While Africa accounts for about 30 per cent of the world's reserves of hydrocarbons and minerals and 14 per cent of the world's population, its share of global manufacturing stood in 2011 exactly where it stood in 2000: at 1 percent. In his first book, The Looting Machine , Tom Burgis exposes the truth about the African development miracle: for the resource states, it's a mirage. The oil, copper, diamonds, gold and coltan deposits attract a global network of traders, bankers, corporate extractors and investors who combine with venal political cabals to loot the states' value. And the vagaries of resource-dependent economies could pitch Africa's new middle class back into destitution just as quickly as they climbed out of it. The ground beneath their feet is as precarious as a Congolese mine shaft; their prosperity could spill away like crude from a busted pipeline. This catastrophic social disintegration is not merely a continuation of Africa's past as a colonial victim. The looting now is accelerating as never before. As global demand for Africa's resources rises, a handful of Africans are becoming legitimately rich but the vast majority, like the continent as a whole, is being fleeced. Outsiders tend to think of Africa as a great drain of philanthropy. But look more closely at the resource industry and the relationship between Africa and the rest of the world looks rather different.
650 0. ‡aMineral industries ‡zAfrica.
650 0. ‡aMines and mineral resources ‡zAfrica.
651 0. ‡aAfrica ‡xEconomic conditions.
651 0. ‡aAfrica ‡xForeign economic relations.
901 . ‡asky274171086 ‡bSKY ‡c507072 ‡tbiblio ‡soclc

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