 Gold Smuggling and the Plunder of the DRCRoman Grynberg () and
Fwasa K. Singogo ()
Chapter Chapter 8 in African Gold, 2021, pp 247-278 from Springer Abstract: Abstract The smuggling from mineral-rich DRC and the consequences for the regional war economy that has evolved over the last 25 years are considered in detail in this chapter. The smuggling from the DRC is not a result of tax policy but of a high transaction cost and is a direct product of the long years of war in the eastern DRC since the Rwandan genocide in 1994. This has resulted in large scale and widespread gold production using ASGM methods, and the smuggling of gold to neighbouring countries including Uganda, Rwanda, Burundi and Tanzania. This smuggling is in large measure because of the violence in the region, as well as the absence of infrastructure in the DRC for the international trade in gold, along with the absence of refining capacity. Neighbouring countries have therefore become the principal conduits and substantial beneficiaries of this international trade. Keywords: Gold exports; Trade; War economy; Transaction costs; Foreign exchange losses; Conflict minerals (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-65995-0_8 Ordering information: This item can be ordered from DOI: 10.1007/978-3-030-65995-0_8 Access Statistics for this chapter More chapters in Springer Books from Springer |
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