Capturing the mineral multinationals: advantage or disadvantage?
作者： Michael Shafer
DOI: 10.1017/S0020818300004215
关键词: Risk management 、 Natural resource economics 、 Business 、 Political system 、 Disadvantage 、 Welfare 、 Economic policy 、 Mining industry 、 Multinational corporation
摘要: Nationalization of the Zairian and Zambian copper industries failed to deliver hoped for benefits pushed some still further beyond reach. It did so because nationalization entailed loss insulation, that is, wide range unperceived risk management custodial functions fulfilled by multinational mining corporations. Without this insulation these two governments, their industries, citizens' welfare all suffered. Looking Zaire Zambia, it appears has negative effects in cases industry nationalization. The size costs are mitigated strength nationalizer's political system.
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