Capturing the mineral multinationals: advantage or disadvantage?

Michael Shafer

International Organization, 1983, vol. 37, issue 1, 93-119

Abstract: Nationalization of the Zairian and Zambian copper industries failed to deliver the hoped for benefits and pushed some still further beyond reach. It did so because nationalization entailed the loss of insulation, that is, the wide range of unperceived risk management and custodial functions fulfilled by the multinational mining corporations. Without this insulation these two governments, their copper industries, and their citizens' welfare all suffered. Looking beyond Zaire and Zambia, it appears that the loss of insulation has negative effects in all cases of mining industry nationalization. The size of the costs are mitigated by the strength of the nationalizer's political system.

Date: 1983
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://www.cambridge.org/core/product/identifier/ ... type/journal_article link to article abstract page (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cup:intorg:v:37:y:1983:i:01:p:93-119_00

Access Statistics for this article

More articles in International Organization from Cambridge University Press Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK.
Bibliographic data for series maintained by Kirk Stebbing ().