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Rising Debt and Inequalities in Resource Rich Countries becoming a cause for concern

Rising Debt and Inequalities in Resource Rich Countries becoming a cause for concern

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Introduction Largely driven by the extractive industries, gross domestic product (GDP) growth within certain African economies continues to rank among the world’s highest; the continent possesses 10 percent of the world’s oil reserves, 40 percent of its gold ore, and no less than 95 percent of platinum group metals. Extractive resources account for almost one quarter of Africa’s GDP. About 3.5 billion people live in countries rich in oil, gas or minerals. But all too often these resources have become a source of conflict rather than opportunity. Many of these countries also suffer from poverty, corruption, and conflict stemming from weak governance. Non-renewable mineral resources play a dominant role in 81 countries, which collectively account for a quarter of world GDP, half of the w
Rising Debt and Inequalities in Resource Rich Countries becoming a cause for concern

Rising Debt and Inequalities in Resource Rich Countries becoming a cause for concern

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Introduction Largely driven by the extractive industries, gross domestic product (GDP) growth within certain African economies continues to rank among the world’s highest; the continent possesses 10 percent of the world’s oil reserves, 40 percent of its gold ore, and no less than 95 percent of platinum group metals. Extractive resources account for almost one quarter of Africa’s GDP. About 3.5 billion people live in countries rich in oil, gas or minerals. But all too often these resources have become a source of conflict rather than opportunity. Many of these countries also suffer from poverty, corruption, and conflict stemming from weak governance. Non-renewable mineral resources play a dominant role in 81 countries, which collectively account for a quarter of world GDP, half of the w
Malawi court decision is a victory for African democracy

Malawi court decision is a victory for African democracy

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Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.comT&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here. https://www.ft.com/content/89670eee-4739-11ea-aeb3-955839e06441 It is not often that what happens in Malawi, a poor tea-producing country of 19m people in southern Africa, shakes a continent. But the constitutional court’s historic decision on Monday to overturn the 2019 “Tipp-Ex election” has done exactly that.