Author: Gino Brunswijck

EXTRACTIVE INDUSTRIES: DRAINING MORE THAN RAW MATERIALS ALONE

For years, the curse of natural resources and of knowing how to use them for sustainable development in countries that swallow them up has consumed a great deal of ink. Several factors explaining this lack of local wealth creation must be seen in the light of many factors such as capital flight (IFF), the use of offshore financial arrangements, the poverty of international and producer governance – and also a deficiency in the creation of added value.   Illegal financial flows in the extractive industries The issue is of importance for the countries in question. According to UNECA, there...

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Diamonds: Precious stones, but for who?

 Diamonds: Precious stones, but for who? Diamonds have long been the object of envy, adorned jewelry decorations and sold at high prices to consumers. But what economic reality hides behind the glittering gloss of these small stones? What challenges face producing countries if they are to position themselves well in global value chains and so benefit from their natural wealth? To discover this, we must start with an overall analysis of the sector in order to determine where most of the financial benefits are realized. By nature, the diamond can easily be trafficked secretly giving rise to a black...

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Video: The Impacts of Large Scale Farming in Tanzania

Land grabbing has become a recurring phenomenon in Africa but the situation in Tanzania is a disaster; from the northern part of the country where about 40,000 of the Maasai tribe were said to have been evicted from their ancestral land to enable the Dubai Royal family to hunt, to the south where the SAGCOT program (Southern Agricultural Corridors of Tanzania) of G8/NEW Alliance has driven thousands of families to penury. In December 2015, the AEFJN Secretariat went on a fact-finding mission to Tanzania. Some of the journeys took as long as 17 hours but it gave the staff...

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Vulture Funds are Encircling Africa

Introduction: Extractivism   Africa’s wide variety of resources (oil, minerals, forests, agricultural products and fisheries) are at the mercy of several extractive industries. Fertile land, natural resources and fish reserves are being sacrificed on the altar of a never-ending growth that is based on unbridled consumerism.     As providers of cheap labour and / or suppliers of raw materials or low-priced land, developing countries are often poorly paid links in global value chains, while most value is added to the commodities elsewhere. Then there are the economic losses and the social and environmental costs that are often paid by...

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Human Rights, Business as Usual?

Globalization and corporate behaviour   International corporations have been important economic agents driving economic globalization that trades goods and services across continents. This has led to a massive revenue increase for companies, some topping the GDP of several countries. Given their position in international trade and the sheer volume of the goods and services traded, they are causing problems such as the disruption of the socio-economic fabric of a country and the health of the planet. On several occasions, irresponsible company behaviour has called into question the social, economic, environmental and human rights responsibilities of international corporations. Just think...

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