The oil, copper, diamonds, gold and coltan deposits attract a global network of traders, bankers, corporate extractors and investors who combine with venal political cabals to loot the states' value. In his first book, The Looting Machine, Tom Burgis exposes the truth about the African development miracle: for the resource states, it's a mirage. While Africa accounts for about 30 per cent of the world's reserves of hydrocarbons and minerals and 14 per cent of the world's population, its share of global manufacturing stood in 2011 exactly where it stood in 2000: at 1 percent. During the years when Brazil, India, China and the other 'emerging markets' have transformed their economies, Africa's resource states remained tethered to the bottom of the industrial supply chain. One of Financial Times' Books of the Year, 2015 The trade in oil, gas, gems, metals and rare earth minerals wreaks havoc in Africa. Read Online and Download The Looting Machine: Warlords, Oligarchs, Corporations, Smugglers, and the Theft of Africa's Wealth.
The Looting Machine: Warlords, Oligarchs, Corporations, Smugglers, and the Theft of Africa's Wealth BY Tom Burgis
