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Mineral resources and economic development: A survey

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  • S. Mainardi

Abstract

The contradictory effects of the presence of a dominant mining sector have stimulated an intense debate in the literature, with these effects being seen either as a blessing or as a curse for economic development and policy-making in a developing economy. The direct or indirect implications concern aspects such as inflation, employment, and exchange rates. This article reviews some major studies on the subject and examines their contending hypotheses and empirical findings. The differences can be explained partly by objective differences in the minerals, countries and periods analysed. Particular attention is paid to South Africa and Africa, and to the preconditions for an effective use of mineral endowments.

Suggested Citation

  • S. Mainardi, 1997. "Mineral resources and economic development: A survey," Development Southern Africa, Taylor & Francis Journals, vol. 14(1), pages 61-77.
    • Handle: RePEc:taf:deveza:v:14:y:1997:i:1:p:61-77
    DOI: 10.1080/03768359708439950
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    Cited by:

    1. Hilson, Gavin & Hilson, Abigail & Maconachie, Roy, 2018. "Opportunity or necessity? Conceptualizing entrepreneurship at African small-scale mines," Technological Forecasting and Social Change, Elsevier, vol. 131(C), pages 286-302.
    2. Walker, M.I. & Minnitt, R.C.A., 2006. "Understanding the dynamics and competitiveness of the South African minerals inputs cluster," Resources Policy, Elsevier, vol. 31(1), pages 12-26, March.

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