Challenges to the Copper Industry
Edited by Claes Brundenius
Chapter 2: Economic liberalization, innovation and technology transfer: opportunities for cleaner production in copper mining and
processing Alyson Warhurst and Gavin Bridge INTRODUCTION The international mining industry is undergoing a transformation. Starting in the 1990s many leading mining companies have begun to restructure their operations in response to new opportunities arising from the liberalization of investment regimes for mining in many developing countries, to develop or acquire new production technologies, and to respond to heightened environmental awareness and scrutiny of their operations. This bundle of technological and organizational changes has the potential, if eﬀectively managed, to contribute to economic growth and improved environmental performance in developing countries. Since 1985 over 90 countries have liberalized their investment regimes for mining in an eﬀort to attract foreign investment (Otto 1997). Economic and political reforms have opened up new opportunities to the international mining industry in areas that were formerly closed because of de jure political restrictions, or closed de facto since economic and political risks were suﬃciently high to deter prudent investment. In response to policies of economic liberalization, private capital ﬂows to emerging markets have increased signiﬁcantly. Between 1980 and 1998, for example, foreign direct investment in developing countries increased twelvefold (World Bank 1999). While the bulk of foreign direct investment continues to take place between the industrialized countries of the industrialized ‘Triad’ (Western Europe, Japan, the United States), the proportion of global foreign direct investment ﬂowing to developing countries rose from 25 per cent in 1991 to 42 per cent in 1998 (World Bank 1999). Natural resources have rapidly declined in signi...
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.