Resource-based African Development Strategy - Partnership to Cut ...
Resource-based African Development Strategy - Partnership to Cut ...
Resource-based African Development Strategy - Partnership to Cut ...
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Investment in Geo-knowledgeRADS• Numerous studies (USGS, W.Australia) havedefinitively showed the extremely high return <strong>to</strong> thestate from investment in geo-survey (~1:10investment <strong>to</strong> return ratio <strong>to</strong> the fiscus)• In general, the lower the geo-info base, the higherthe risk, the lower the share of resource rents <strong>to</strong>the state: The less a state knows about the value ofits mineral assets, the worse the deal it’s likely <strong>to</strong> beable <strong>to</strong> negotiate with foreign inves<strong>to</strong>rs.• This will inevitably compromise the longer termsustainability of the investment: An unequalextractive deal serves neither the inves<strong>to</strong>r nor thehost state over the longer term• Investment in<strong>to</strong> <strong>African</strong> infrastructure shouldnot only target t physical infrastructure t but alsoknowledge infrastructure (geo-survey)<strong>Resource</strong>-<strong>based</strong> <strong>African</strong> <strong>Development</strong> <strong>Strategy</strong>
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