open access

https://hdl.handle.net/2115/47457

Business and Economic History of Copper Industry in the Democratic Republic of Congo

英語

2011-10-25

Winner of Research Poster Contest (Discipline 3: Sustainable Production & Consumption )

The Democratic Republic of Congo as resource-rich developing country suffers from a phenomenon termed the resource curse. Paradoxically, wealth in the form of natural resources appears to be detrimental to the economic development of the country. The mining sector constitutes the cornerstone of Congolese’s wealth since colonial times. The country on average has lower growth rates, lower levels of human development, and more inequality and poverty. The current scenario of production shows high risk to compromise sustainable development for future generation. The copper ore reserves of DR Congo are estimated to last for about half a century. Sustainable management of natural resources is essential to assure the socio-economic development. Historical analysis of primary and secondary sources identifies bad institutions and corruption as the main reasons why the country performs badly in economic terms. There is a risk to maintain people in poverty up to depletion of resources.

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