THE LOOTING MACHINE WARLORDS OLIGARCHS CORPORATIONS SMUGGLERS AND THE THEFT OF AFRICAS WEALTH

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The Looting Machine

Author : Tom Burgis
ISBN : 0007523106
Genre :
File Size : 57.47 MB
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An investigative journey into the ways the resource trade wreaks havoc on Africa, 'The Looting Machine' sheds light on the shadowy networks that connect Goldman Sachs, BP, the Hong Kong underworld and the murderous cabals that rule some oil states.
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The Looting Machine

Author : Tom Burgis
ISBN : 0007523092
Genre : Business & Economics
File Size : 25.70 MB
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The discovery of one of the world's most promising oil frontiers along Africa's west coast has seen the area touted as a prime investment destination. But talk of the reinvention of a continent masks a more troubling truth. The dirty trade in African resources has been grossly underreported. We have failed to grasp the importance of African commodities in our daily lives, be it the Guinean aluminium in our cutlery or the Nigerian petrol in our cars. As our dependency on these resources increases, the stories of those who live under their curse become all the more urgent. In this vital and arresting book, investigative journalist Tom Burgis hunts out the human stories both of the power brokers who run the looting machine and of those whose lives have been shattered by it, discovering how the price of the raw ingredients that fuel the global economy is rightly measured not in dollars, but in minds scarred and lives lost.
Category: Business & Economics

The Looting Machine

Author : Tom Burgis
ISBN : 9781610397483
Genre : History
File Size : 35.61 MB
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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. In 2010, fuel and mineral exports from Africa were worth 333 billion, more than seven times the value of the aid that went in the opposite direction. But who received the money? For every Frenchwoman who dies in childbirth, 100 die in Niger alone, the former French colony whose uranium fuels France's nuclear reactors. In petro-states like Angola three-quarters of government revenue comes from oil. The government is not funded by the people, and as result it is not beholden to them. A score of African countries whose economies depend on resources are rentier states; their people are largely serfs. The resource curse is not merely some unfortunate economic phenomenon, the product of an intangible force. What is happening in Africa's resource states is systematic looting. Like its victims, its beneficiaries have names.
Category: History

The Fate Of Africa

Author : Martin Meredith
ISBN : 9781610391320
Genre : History
File Size : 56.13 MB
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First published in 2005, The Fate of Africa was hailed by reviewers as "A masterpiece....The nonfiction book of the year" (The New York Post); "a magnificent achievement" (Weekly Standard); "a joy," (Wall Street Journal) and "one of the decade's most important works on Africa" (Publishers Weekly, starred review). Now Martin Meredith has revised this classic history to incorporate important recent developments, including the Darfur crisis in Sudan, Robert Mugabe's continued destructive rule in Zimbabwe, controversies over Western aid and exploitation of Africa's resources, the growing importance and influence of China, and the democratic movement roiling the North African countries of Tunisia, Egypt, and Jordan.
Category: History

Poor Numbers

Author : Morten Jerven
ISBN : 9780801467615
Genre : Political Science
File Size : 58.4 MB
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One of the most urgent challenges in African economic development is to devise a strategy for improving statistical capacity. Reliable statistics, including estimates of economic growth rates and per-capita income, are basic to the operation of governments in developing countries and vital to nongovernmental organizations and other entities that provide financial aid to them. Rich countries and international financial institutions such as the World Bank allocate their development resources on the basis of such data. The paucity of accurate statistics is not merely a technical problem; it has a massive impact on the welfare of citizens in developing countries. Where do these statistics originate? How accurate are they? Poor Numbers is the first analysis of the production and use of African economic development statistics. Morten Jerven's research shows how the statistical capacities of sub-Saharan African economies have fallen into disarray. The numbers substantially misstate the actual state of affairs. As a result, scarce resources are misapplied. Development policy does not deliver the benefits expected. Policymakers' attempts to improve the lot of the citizenry are frustrated. Donors have no accurate sense of the impact of the aid they supply. Jerven's findings from sub-Saharan Africa have far-reaching implications for aid and development policy. As Jerven notes, the current catchphrase in the development community is "evidence-based policy," and scholars are applying increasingly sophisticated econometric methods-but no statistical techniques can substitute for partial and unreliable data.
Category: Political Science

African Anthropologies

Author : Mwenda Ntarangwi
ISBN : 1842777637
Genre : History
File Size : 47.33 MB
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Drawing on empirical and experiential material from the Horn, East and West Africa, this title presents an original overview of the challenges facing African anthropology and its future prospects.
Category: History

Fortunes Of Africa

Author : Martin Meredith
ISBN : 9781471135460
Genre : History
File Size : 67.28 MB
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In this vast and vivid panorama of history, Martin Meredith, bestselling author of The State of Africa, follows the fortunes of Africa over a period of 5,000 years. With compelling narrative, he traces the rise and fall of ancient kingdoms and empires; the spread of Christianity and Islam; the enduring quest for gold and other riches; the exploits of explorers and missionaries; and the impact of European colonisation. He examines, too, the fate of modern African states and concludes with a glimpse into their future. This is history on an epic scale.
Category: History

China S Second Continent

Author : Howard W. French
ISBN : 9780307946652
Genre : Business & Economics
File Size : 70.2 MB
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Documents the burgeoning Chinese presence in Africa to examine China's potentially world-changing role in reshaping Africa's culture and economy.
Category: Business & Economics

China The New Imperialists Neo Colonialists In Africa

Author : Kwame A. Insaidoo
ISBN : 9781524604578
Genre : Political Science
File Size : 31.8 MB
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Chinese generally look condescendingly on the humanity of black Africans, but over the past decades there have been a huge influx of Chinese on the African continent. What is driving the Chinese to the African continent? Are the Chinese in Africa to help Africa develop in their so-called win-win, or south-southdevelopment method? Or are the Chinese in Africa to exploit the huge super abundant raw materials and mineral resources to fuel their expanding industries?It is true that the Chinese are currently building monumental stadiums, presidential palaces, conference halls,but as much as Africans are grateful for these they do not represent economic progress for Africa. What we see though is Chinese offering huge loans to African nations in return for their raw materials. Ironically, most of the loans end up in the hands of Chinese contractors undertaking the construction projects, Chinese labor working in the projects, and Chinese materials and products used in the projects. In the end African governments are left holding the bag of huge repayments back to China. Moreover, some, if not, many of the infrastructure are often shoddy as the case of Angolan hospital, and many roads in Africa have demonstrated. Additionally, Chinese also support African dictators like Mugabe of Zimbabwe, Omar Bashir of Sudan, Santos of Angola and many others with deadly weaponry to oppress African citizens. Finally, the Beijing Consensus though has helped lift many Chinese out of poverty cannot be replicated in Africa, because of its authoritarian nature.
Category: Political Science