Beyond the resource curse : mineral resources and development in Guinea-Conakry

Thesis: M.C.P., Massachusetts Institute of Technology, Department of Urban Studies and Planning, 2015.

Bibliographic Details
Main Author: Diallo, Thierno Amadou
Other Authors: Balakrishnan Rajagopal.
Format: Thesis
Language:eng
Published: Massachusetts Institute of Technology 2015
Subjects:
Online Access:http://hdl.handle.net/1721.1/98930
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author Diallo, Thierno Amadou
author2 Balakrishnan Rajagopal.
author_facet Balakrishnan Rajagopal.
Diallo, Thierno Amadou
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description Thesis: M.C.P., Massachusetts Institute of Technology, Department of Urban Studies and Planning, 2015.
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spelling mit-1721.1/989302019-04-09T17:52:37Z Beyond the resource curse : mineral resources and development in Guinea-Conakry Mineral resources and development in Guinea-Conakry Diallo, Thierno Amadou Balakrishnan Rajagopal. Massachusetts Institute of Technology. Department of Urban Studies and Planning. Massachusetts Institute of Technology. Department of Urban Studies and Planning. Urban Studies and Planning. Thesis: M.C.P., Massachusetts Institute of Technology, Department of Urban Studies and Planning, 2015. This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections. Cataloged from student-submitted PDF version of thesis. Includes bibliographical references (pages 73-76). Natural resource endowments are no guarantee of socioeconomic development. Many developing countries are rich in natural resources (minerals, oil, gas, hydropower), and yet many of their citizens remain in poverty and their economies have failed to grow; the "paradox of plenty". Despite its natural resources (bauxite, iron ore, diamond, gold and hydropower), Guinea has been unsuccessful in marshaling and leveraging these resources to produce socioeconomic development. The critical challenge for Guinea, just like many resource-rich countries, is governance failures- decades of military rule, corruption and resource mismanagement after centuries of French colonial rule. This thesis uses secondary sources and data to argue that the resource curse as a phenomenon in resource-rich countries has limitations as it does not offer these countries a path for how their resources could be used to propel social and economic development. To overcome the so-called resource curse, this thesis argues that the key to unlocking economic and social development in mineral-rich Guinea, is investing its resource-generated revenue to develop the country's infrastructure services. Infrastructures such as roads, telecommunications, water, power, education and health facilities are the foundation for socioeconomic development. The new hope for Guinea rests in the fact that after more than fifty two years of military and authoritarian rule, the country transitioned to "democracy" for the first time in 2010. This coupled with the emergence of new global players such as China and other emerging countries, with their quests to secure stable natural resources to fuel their industries, comes a new window of opportunity for resource-rich countries such as Guinea to leverage and link its extractive industries to develop key infrastructure services. Guinea could leverage its bauxite and iron ore industries to transition to onsite transformation of these materials, whose transformation is energy-intensive. Guinea could then leverage the demand for power from the onsite transformation to develop its untapped hydropower generation capacity to supply both mines and the rest of the country. However, this will not happen without governance reforms in Guinea's extractive industries and mining code. by Thierno Amadou Diallo. M.C.P. 2015-09-29T18:09:27Z 2015-09-29T18:09:27Z 2015 2015 Thesis http://hdl.handle.net/1721.1/98930 921886467 eng M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission. http://dspace.mit.edu/handle/1721.1/7582 76 pages application/pdf f-gv--- Massachusetts Institute of Technology
spellingShingle Urban Studies and Planning.
Diallo, Thierno Amadou
Beyond the resource curse : mineral resources and development in Guinea-Conakry
title Beyond the resource curse : mineral resources and development in Guinea-Conakry
title_full Beyond the resource curse : mineral resources and development in Guinea-Conakry
title_fullStr Beyond the resource curse : mineral resources and development in Guinea-Conakry
title_full_unstemmed Beyond the resource curse : mineral resources and development in Guinea-Conakry
title_short Beyond the resource curse : mineral resources and development in Guinea-Conakry
title_sort beyond the resource curse mineral resources and development in guinea conakry
topic Urban Studies and Planning.
url http://hdl.handle.net/1721.1/98930
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