Politics and the world's raw materials
New meaning is given to problems of raw materials scarcity in the development of national policies by mineral-rich developing countries. A combination of socio-economic and political factors is shown in countries like Zaire to be shaping decisions on ore production, which directly affects the economies of industrialized countries and world trade. The developing countries need cash from their ores to finance debts, but capitalism has not produced an adequate infrastructure and has not satisfied the poor. A debate is emerging between those who want to restructure a new international economic order and those who want to use industrial wealth and existing financial institutions to secure order in these countries so that mineral production continues. Critical raw materials imported by the US from developing countries are felt by some to have created a situation of vulnerability as Union Carbide and other multinational corporations have shifted processing operations to the source of the ore. Arguments are presented for both sides of the question of whether a new economic order is needed.
- OSTI ID:
- 6013821
- Journal Information:
- Chem. Eng. News (Wash., D.C.); (United States), Vol. 57:23
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
POLICY AND ECONOMY
DEVELOPING COUNTRIES
RAW MATERIALS
AVAILABILITY
ECONOMICS
GLOBAL ASPECTS
GOVERNMENT POLICIES
POLITICAL ASPECTS
SOCIO-ECONOMIC FACTORS
INSTITUTIONAL FACTORS
290400* - Energy Planning & Policy- Energy Resources
290200 - Energy Planning & Policy- Economics & Sociology