IDEAS home Printed from https://ideas.repec.org/a/cup/intorg/v37y1983i01p93-119_00.html
   My bibliography  Save this article

Capturing the mineral multinationals: advantage or disadvantage?

Author

Listed:
  • Shafer, Michael

Abstract

Nationalization of the Zairian and Zambian copper industries failed to deliver the hoped for benefits and pushed some still further beyond reach. It did so because nationalization entailed the loss of insulation, that is, the wide range of unperceived risk management and custodial functions fulfilled by the multinational mining corporations. Without this insulation these two governments, their copper industries, and their citizens' welfare all suffered. Looking beyond Zaire and Zambia, it appears that the loss of insulation has negative effects in all cases of mining industry nationalization. The size of the costs are mitigated by the strength of the nationalizer's political system.

Suggested Citation

  • Shafer, Michael, 1983. "Capturing the mineral multinationals: advantage or disadvantage?," International Organization, Cambridge University Press, vol. 37(1), pages 93-119, January.
    • Handle: RePEc:cup:intorg:v:37:y:1983:i:01:p:93-119_00
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S0020818300004215/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Chang, Roberto & Hevia, Constantino & Loayza, Norman, 2018. "Privatization And Nationalization Cycles," Macroeconomic Dynamics, Cambridge University Press, vol. 22(2), pages 331-361, March.
    2. Gerald Padmore, 1992. "Government participation in mining projects," Natural Resources Forum, Blackwell Publishing, vol. 16(2), pages 132-140, May.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:intorg:v:37:y:1983:i:01:p:93-119_00. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/ino .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.