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The looting machine [electronic resource] : warlords, oligarchs, corporations, smugglers, and the theft of Africa's wealth / Tom Burgis.

by Burgis, Tom, author.

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New York : PublicAffairs, c2015.

Mineral industries -- Africa.

Mines and mineral resources -- Africa.

Africa -- Economic conditions.

Africa -- Foreign economic relations.

Electronic Resource

http://hawaii.lib.overdrive.com/ContentDetails.htm?ID=C76E8D01-993D-4176-B9B1-4F0A675A1A42 This title is available online; click here to access

Electronic Resource

http://samples.overdrive.com/?crid=c76e8d01-993d-4176-b9b1-4f0a675a1a42&.epub-sample.overdrive.com

Electronic Resource

http://images.contentreserve.com/ImageType-100/1486-1/{C76E8D01-993D-4176-B9B1-4F0A675A1A42}Img100.jpg

9781610394406 (electronic bk.)

1610394402 (electronic bk.)

1 online resource (xi, 321 pages, [7] pages of plates) : illustrations, map

1. Futungo, Inc. -- 2. "It is Forbidden to Piss in the Park" -- 3. Incubators of Poverty -- 4. Guanxi -- 5. When Elephants Fight, the Grass Gets Trampled -- 6. A Bridge to Beijing -- 7. Finance and Cyanide -- 8. God Has Nothing to Do with It -- 9. Black Gold -- 10. The New Money Kings -- Epilogue: Complicity.

"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. 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, are 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"--Provided by publisher.

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