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"There is no question that Africa is endowed with abundant natural resources of different magnitudes. However, over a … resource-based development. Natural Resource-Based Development in Africa places a particular emphasis on the actors that help …, transnational firms, civil society groups, local communities, and government agencies in Africa’s natural resource sectors. Natural …
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We study the role of competition for the hold-up problem in foreign direct investment in resource-based industries. The host country government is not only unable to commit not to expropriate investment ex post, but is also unable to commit to the provision of local resources. In the case of...
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