Third World Mineral Development in Crisis - The Impact of the Worldwide Recession on the Legal Instruments Governing Third World Mineral Development
Article from: OGEL Archive issue , in Roundup of Articles
Introduction
The period from 1965-1980 was characterized by events reflecting a strong assertion of permanent sovereignty over natural resources by developing countries, by large-scale nationalizations of minerals extraction, by renegotiation of existing arrangements, by the coming into being of state enterprises and by numerous commodities producer associations. The 1980s seem to highlight problems of investment, i.e. the successful combination of capital, technology and managerial capacity, and the problems of declining demand, both necessary to transform reserves into working projects ...