Third World Minerals and Global Pricing
A New Theory
Year Published: 1989
Resource Type: Book
Cx Number: CX19023
This study examines the distribution of the enormous wealth inherent in the Third World's mineral resources. Dr. Nwoke criticizes the bargaining model usually used to explain relations between global corporations and Third World governments. Instead, he develops the theory of ground rent to argue that today's mineral crisis lies in the struggle between Western mining companies and the Third World over which side can appropriate the most "rent" from international mining.