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Privatizing the minerals sector
Author(s) -
Zank Neal S
Publication year - 1995
Publication title -
natural resources forum
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.646
H-Index - 49
eISSN - 1477-8947
pISSN - 0165-0203
DOI - 10.1111/j.1477-8947.1995.tb00611.x
Subject(s) - developing country , business , order (exchange) , private sector , natural resource economics , mineral resource classification , economic reform , resource (disambiguation) , economic policy , economics , economic growth , politics , finance , political science , computer network , geochemistry , geology , computer science , law
The end of the Cold War presents new challenges for the dynamics associated with mineral resources development. Broader approaches are needed to help mineral rich developing countries develop their minerals sector. These countries need to embark upon programmes of policy reform and privatization in order to make their mineral resources industries more efficient and responsive to free market forces (such as supply and demand and price), and to turn mineral sector decision making over to the private sector. This article examines the use of policy reform and privatization strategies to increase mineral resource production in developing countries, thereby contributing to both developing country economic growth and developed country access to mineral supplies .