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African gold : production, trade and economic development / Roman Grynberg, Fwasa K. Singogo.

9783030659950 (electronic bk.)
303065995X (electronic bk.)
3030659941
9783030659943

Cham : Palgrave Macmillan, 2021.

English

1 online resource

10.1007/978-3-030-65995-0 doi

TN427.A1

622/.3422 d2 23

The book explores the evolving economics of gold as a global commodity as well as the production and trade of gold in and from the African continent. The growth of gold as an increasingly important and diverse source of African wealth is examined, alongside the impact that the rise of China in the 21st century has had on the demand for gold. The volatility of the gold price has increased as a result of the dramatic decline of gold demand for manufacturing purposes. Gold is Africas second largest export after oil and is a perfect metaphor for a continent rich in resources while so much of its population lives in such dire poverty. The artisanal and small scale gold mining (ASGM) sector, is surprisingly widely perceived as being beneficial to the development of Africa despite its exploitation and dreadful health and environmental consequences. African Gold: Production, Trade and Economic Development considers policy issues regarding the gold mining sector, the economics of beneficiation, the retreat of jewelry manufacturing across the continent as well as Africas golden future. It is a relevant book for both academics and policymakers interested in Africa, natural resource, and development economics.

Includes index.

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