International Journal of Social Science & Economic Research
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Title:
WORLD MINING AND POVERTY IN THE DEVELOPING COUNTRIES: GAIN AN EXPERIENCE FROM GHANA

Authors:
Farzana Yesmin Chowdhury

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Farzana Yesmin Chowdhury
Assistant Professor, Department of Economics, Premier University, Chittagong, Bangladesh.

MLA 8
Chowdhury, Farzana Yesmin. "WORLD MINING AND POVERTY IN THE DEVELOPING COUNTRIES: GAIN AN EXPERIENCE FROM GHANA." Int. j. of Social Science and Economic Research, vol. 3, no. 5, May 2018, pp. 1734-1744, ijsser.org/more2018.php?id=118. Accessed 2018.
APA
Chowdhury, F. (2018, May). WORLD MINING AND POVERTY IN THE DEVELOPING COUNTRIES: GAIN AN EXPERIENCE FROM GHANA. Int. j. of Social Science and Economic Research, 3(5), 1734-1744. Retrieved from ijsser.org/more2018.php?id=118
Chicago
Chowdhury, Farzana Yesmin. "WORLD MINING AND POVERTY IN THE DEVELOPING COUNTRIES: GAIN AN EXPERIENCE FROM GHANA." Int. j. of Social Science and Economic Research 3, no. 5 (May 2018), 1734-1744. Accessed , 2018. ijsser.org/more2018.php?id=118.

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Abstract:
Mining industry played a significant role in enhancing economic growth and poverty reduction in resource-rich countries. A number of natural resources based developing countries like Ghana and Nigeria's national economy heavily reliant on the mining industry. The Mining industry is the key source of employment and revenue in these countries but mining industry highly dominated and operated by the foreign multinational mining companies. Although the success of the mining industry, current statistics showed that mining has aggravated poverty in the developing countries like Ghana. In this respect, this article illustrates the impact of mining on Ghana's economy as well explains how global mining created poverty especially in the local community in Ghana. These circumstances started through the structural adjustment policies of the World Bank (WB) and International Monetary Fund (IMF), which has created an entirely new set of economic, social and environmental problems for Ghana's local community. Eventually, mineral-led development has not lived up to its rhetorical promise - poverty alleviation in the developing countries.