Sustainable Development in Mineral Economies

Mineral economies are less successful than their resource-deficient neighbours. This book examines this paradox, detailing problems faced by mineral economies. It claims the key factor is not the initial growth, but the maintenance of the economic and social conditions for sustaining that growth. The mineral economies comprise approximately one-fifth of developing countries. They face special problems in achieving sustainable development, and have as a group been less successful than resource-deficient neighbours. This book examines the apparent paradox, detailing the current problems facing the mineral economies and the future policies necessary to overcome these problems. Nine countries are studied: Botswana, Chile, Colombia, Indonesia, Jamaica, Namibia, Papua New Guinea, Peru, and Trinidad and Tobago. The authors argue that the key factor is not the sustainability of the mineral production that initially generates growth, but the maintenance of the economic and social conditions for sustaining that growth. They draw upon recent progress in environmental and natural resource accounting to show how this can be achieved, and also assess the socio-political factors that often constrain sustainable development.