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Globalisation and resource development in Africa: assessing the facilitator-protector roles of international law and international institutions

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  • Engobo Emeseh

Abstract

A significant feature of globalisation in Africa is the scramble for resources, especially petroleum and solid minerals, through foreign direct investment by multinational companies. This paper explores the role of international law, which protects the investor from regulatory and political risks but offers no such protection to host communities suffering from the social and environmental impacts. The paper argues that there is no valid reason for the difference in treatment, but rather there are compelling grounds for equal protection of communities from the impacts of the operations of multinational corporations, especially as the very investment protection laws place constraints on the sovereign regulatory powers of the state.

Suggested Citation

  • Engobo Emeseh, 2008. "Globalisation and resource development in Africa: assessing the facilitator-protector roles of international law and international institutions," Development Southern Africa, Taylor & Francis Journals, vol. 25(5), pages 561-576.
  • Handle: RePEc:taf:deveza:v:25:y:2008:i:5:p:561-576 DOI: 10.1080/03768350802447735
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    References listed on IDEAS

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    1. Johan Fourie, 2006. "Economic Infrastructure: A Review Of Definitions, Theory And Empirics," South African Journal of Economics, Economic Society of South Africa, vol. 74(3), pages 530-556, September.
    2. Peter Perkins & Johann Fedderke & John Luiz, 2005. "An Analysis Of Economic Infrastructure Investment In South Africa," South African Journal of Economics, Economic Society of South Africa, vol. 73(2), pages 211-228, June.
    3. Fink, Carsten & Mattoo, Aaditya & Neagu, Ileana Cristina, 2005. "Assessing the impact of communication costs on international trade," Journal of International Economics, Elsevier, pages 428-445.
    4. Robinson, James A. & Torvik, Ragnar, 2005. "White elephants," Journal of Public Economics, Elsevier, pages 197-210.
    5. Fink, Carsten & Mattoo, Aaditya & Neagu, Ileana Cristina, 2005. "Assessing the impact of communication costs on international trade," Journal of International Economics, Elsevier, pages 428-445.
    6. Limao, Nuno & Venables, Anthony J., 1999. "Infrastructure, geographical disadvantage, and transport costs," Policy Research Working Paper Series 2257, The World Bank.
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