The other resource curse: extractives as development panacea

Since 2010, many African governments have challenged twenty years of extractive sector liberalization that has played a key role in unlocking mineral riches and attracting foreign direct investment. The potential for extractives to drive economic structural transformation is intuitively attractive, the Africa Mining Vision (2009) document providing a primary template. Geological inheritance alone, however, is not a panacea for economic development, industrialization or poverty alleviation. While much attention to the ‘resource curse’ has identified the problem of excessive rent-seeking and the consequent impact on elite consolidation, democracy, governance and macroeconomic distortions, a more fundamental problem, the ‘other resource curse’, may be an overlooked driver: a lingering assumption that mineral resources should straightforwardly provide significant revenue streams for public goods, inputs for industrial transformation, and extensive employment. Geology alone is neither conducive nor antithetical to economic development. Stakeholders require a more comprehensive understanding of the possibilities and limits of extractives in contemporary Africa.     

Gender,Financial Deepening and the Production of Embodied Finance: Towards a Critical Feminist Analysis

This article critically interrogates the ways in which gender equality has been linked to processes of financial deepening, partly via a global coalition of public and private institutions that have come together in recent years to promote an instrumentalist gender equality agenda. Corporations, banks and financial firms are playing an increasingly important role in shaping the contours of the global gender equality agenda and reproducing narratives regarding the need to (1) financially “empower” women, (2) uphold women as the “saviours” of national economies post-2008 and (3) “tap in” to the productive (i.e. profitable) potential of women's bodily capacities. Drawing on Marxist and feminist theory, I develop an approach to theorising the inherently embodied and gendered nature of finance that reveals the ways in which these tropes obscure the labour associated with social reproduction, promote the commodification of women's bodily capacities to produce, and support the differential production of bodies while simultaneously masking embodied forms of difference.     

The Erratic Behavior of Lesions in Burnt Bone

This study analyses depressed fractures (by blunt force trauma) and circular full‐thickness injuries (drill injuries and gunshot wounds) in charred bones. Fifty bovine ribs (total 104 lesions) were divided into three groups. The first group consisted in 20 depressed hammer‐produced fractures; in the second one, 60 round drill‐holes were produced (30 circular, 30 semicircular); in the third group, 12 fleshed and 12 skeletonized ribs were hit by 9‐mm bullets. Each specimen was carbonized in an electric oven up to 800°C. Morphological and metric analyses were performed before and after: morphological features were preserved, but depressed fractures showed an increase in their dimensions (p‐value < 0.05); the drilled holes shrunk (p‐value < 0.01); the charring cycle increased the number of fractures in samples with gunshot wounds differently in fleshed and defleshed ribs. This study showed the complex behavior of charred bone, for what concerns the interpretation of trauma and how caution should be applied.     

A Comment on Kellogg's Analysis

An American specialist on the Soviet and Russian military-industrial complex examines the economic, social and political tensions within one of the most important, closed nuclear cities in Russia. Based on an intensive examination of the city's daily newspaper, not heretofore available in the West, the author explores the implications of the current situation for prospective nuclear accidents or proliferation. Journal of Economic Literature, Classification Numbers: P29, R58, O18.     

Controlling Internal Controls

Two recent examinations of management practices in three federal departments provide contemporary evidence of the need to incorporate procedures like those of the Sarbanes-Oxley Act in the public sector. Although each department established what appeared to be well-designed internal controls, all lacked sufficient monitoring and assessment of the efficacy of those controls. By requiring senior management to attest to the strength of their control mechanisms, as required by the newly revised OMB Circular A-123, the quality of this monitoring should improve. Findings from a recent study of private-sector implementation of these reforms are described, along with suggestions for public administration research and practice at all levels of government.