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Aggressive Predator or Passive Investor: Multinationals in the Mining Industry - A Case Study in an Emerging Country


  • Eric Baxter

    (International Business, York University)

  • Charles McMillan

    () (International Business, York University)


This paper is a case study of foreign direct investment in a large gold mine in a developing country, Kyrgyzstan, located in Central Asia. Using a cost-benefit economic framework, this exploratory study addresses the investment and income stream for the foreign investor, Cameco Corporation, a leading Canadian multinational enterprise, as well as the economic and financial net benefits for the host country. Related issues in the case include analysis of the resource curse, the limited development of institutions and property laws in the host country, and the impact of this mining project on incoming foreign direct investment in Kyrgyzstan.

Suggested Citation

  • Eric Baxter & Charles McMillan, 2013. "Aggressive Predator or Passive Investor: Multinationals in the Mining Industry - A Case Study in an Emerging Country," Transnational Corporations Review, Ottawa United Learning Academy, vol. 5(1), pages 50-75, March.
  • Handle: RePEc:oul:tncr09:v:5:y:2013:i:1:p:50-75

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    Cited by:

    1. Yuldashev, Farhod & Sahin, Bahadir, 2016. "The political economy of mineral resource use: The case of Kyrgyzstan," Resources Policy, Elsevier, vol. 49(C), pages 266-272.


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