Why Africa’s Mineral-Rich Countries Stay Poor: The Hidden Truth Behind Cobalt, Gold, and the Resource Curse, and Profit Shifting.
If you were sitting on a gold mine, you’d expect to be wealthy, right? Yet that’s exactly the paradox facing so many African countries blessed with vast mineral riches. The cobalt in your phone, the diamonds on a ring, the platinum in a car’s catalytic converter, the gold in a central bank’s vault, so much of what powers the modern world comes straight out of African soil. The Democratic Republic...