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Investment In Developing Countries: A Matter Of Give And Take

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  • D. A. R. PHIRI

Abstract

Producer countries ‐ mainly developing nations ‐ today are faced with a crisis of confidence in their search for capital to finance mineral exploration. Even in areas that are known to be promising sources of minerals and even in countries with a reputation for political stability it is difficult to raise money for exploration. The developing world has virtually unlimited requirements for investment, while the capital available from the developed world is limited by their own needs. At the same time, many of the developed countries that do have capital available are badly in need of the raw materials present in the developing countries. The factors preventing investment for exploration are in large part attitudinal, and both groups need to take a completely fresh look at their relationships vis‐à‐vis their common desire to exploit natural resources for their mutual benefit. Les pays producteurs, principalement les nations en développement, doivent faire face aujourd'hui a une crise de confiance dans la recherche de capitaux pour le financement de l'exploitation des minerais. Même dans les regions connues comme étant prometteuses en ressources minérales et même dans des pays réputés pour leur stabilité politique, il est difficile d'obtenir des fonds pour l'exploration. Les nations en développement ont des besoins d'investissements pratiquement illimités tandis que les capitaux disponibles en provenance des pays développés sont limités par les besoins de ceux‐ci. En même temps, plusieurs des pays développés qui disposent de capitaux ont grand besoin des matières premières que possèdent les pays en voie de développement. Les raisons empêchant les investissement pour l'exploration résultent en grande partie d'une question d'attitude et les deux groupes devraient reconsidérer complètement leurs relations en ce qui concerne leur désir commun d'exploiter les ressources naturelles pour leur bénéfice réciproque. Los países productores, principalmente los países en desarrollo, se enfrentan hoy a una crisis de confianza en la búsqueda de capital para financier la exploración de minérales. Aun en aquellas areas donde el potencial de minérales es promisorio en países con reputación de estabilidad política es dificil conseguir financiamiento para exploración. Los países en desarrollo tienen virtualmente una necesidad ilimitada para inversiones, mientras que el capital disponible del mundo desarrollado es limitado por sus propias necesidades. Al mismo tiempo muchos países desarrollados que tienen capital disponible tienen gran necesidad de materias primas que estan disponibles en los países en desarrollo. Los factores que impiden la inversión en exploración son en su mayor parte originados en diferentes actitudes y ambos grupos necesitan enfocar el problema bajo un nuevo ángulo con el objeto de encontrar mecanismos que permitan satisfacer el común deseo de explotar los recursos naturales en beneficio mutuo.

Suggested Citation

  • D. A. R. Phiri, 1981. "Investment In Developing Countries: A Matter Of Give And Take," Natural Resources Forum, Blackwell Publishing, vol. 5(2), pages 157-166, April.
  • Handle: RePEc:wly:natres:v:5:y:1981:i:2:p:157-166
    DOI: 10.1111/j.1477-8947.1981.tb00450.x
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