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Great Debate: Mining In Latin America, Lisa E. Sachs
Great Debate: Mining In Latin America, Lisa E. Sachs
Columbia Center on Sustainable Investment Staff Publications
Mining represents a great opportunity for economic growth, especially for emerging economies. It is often seen as the path to prosperity. However, the mining industry is a double edged sword. Countries in Latin America are managing to attract significant foreign investment. In Chile, the extractive sector’s participation in the economy has tripled in the last 10 years, reaching 15% of GDP. In Colombia and Peru, it has doubled to 10% of GDP. The Santos administration in Colombia has made mining one of its top policy priorities.
However, there may be significant downsides to mining, as governments are forced to offer …
Ask The Experts: Mining, Lisa E. Sachs
Ask The Experts: Mining, Lisa E. Sachs
Columbia Center on Sustainable Investment Staff Publications
How can governments best ensure mining produces broad-based economic development?
At the Vale Columbia Center on Sustainable International Investment at Columbia University, we have identified five “pillars” that are necessary for resource-based sustainable development. Each pillar requires the collaboration of governments, companies, donors and communities.At the Vale Columbia Center on Sustainable International Investment at Columbia University, we have identified five “pillars” that are necessary for resource-based sustainable development. Each pillar requires the collaboration of governments, companies, donors and communities.