Today, all of the mines are private. --- "So Zambia is not failed. It is simply very, very poor. Sixty-four percent of the population lives on less than $1 per day, 14 percent have HIV, 40 percent don’t have access to clean drinking water. Almost 90 percent of women in rural areas cannot read or write. Name a category—schools, health care, environment—and I’ll give you statistics that will depress the shit out of you.Today, all of the mines are private. Zambia’s GDP growth has been above six percent for over a decade, riding the wave, as always, of increasing copper prices. Copper is 40 percent of Zambia’s GDP and 95 percent of its exports, but little of that money makes it here. The stats identify Switzerland as Zambia’s primary export market. This is not an indicator that Zambia hosts a thriving chocolate and suspenders sector, but rather that its copper trades are booked in the jurisdiction where they are least likely to be taxed."
Posted on: Mon, 16 Sep 2013 13:08:43 +0000
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