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by energy123
700 days ago
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I would argue Australia suffers from a lite version of the resource curse. There's undue control over politicians and resulting political resistance to invest in things that would diversify economic complexity or go against mining interests. Norway however is a strong counter example. |
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Australia and Canada are, their indigenous people less so, and we can argue about the quality of the many resource deals within Australian and Canadian borders - overall they do less well than Norway.
This is in strong contrast to many African countries, Papua, and elswhere about the globe where often the key parts of government are wholly in the pocket of outside transnational corps who frequently have small divisions of PMC's (private militay contractors) for 'security' and land deals are forced through with near zero compensation to former land holders and NSR (Net Smelter Returns) | leasing returns to the country and people are near non existant.
The reality of what another peer commenter in this thread decsribed as
> But this is a boon to a democratic light in ... Africa
is anything but. eg: US PMC's in Africa .. acting for multiple clients, including China .. but not for Africans.
https://inkstickmedia.com/an-american-mercenary-resurfaces-i...
https://www.africaintelligence.com/central-africa/2020/12/01...
Good ol' Erik Prince, doing for world peace what his sister did for US education.