Indonesia’s middle class (more than US$ 3000 available income per year) is rapidly expanding. Only 1.6 million people in 2004, it is now about 50 million people and according to analysts it will be close to 150 million in 2014. And they put their income to good use. Indonesians bought 8 million scooters and 750’000…
Tag Archive: Natural Resources
India – Indigenous Tribe More Important Than Aluminium Mine
Under the slopes of the mountain Niyamgiri – holy to the indigenous Indian tribe Dongriah Kond hide important deposits of bauxite (used to produce aluminum) that the company Vedanta plans to extract. An Avatar-like setting, however with a different outcome. The Indian ministry of environment now decided against the mine, since this would endanger the…
Transparency – USA Requires Corporations to Declare Money Flows to Developing Countries
Earnings stemming of natural resources frequently don’t benefit the local populations but are grabbed by officials, ministers, presidents including their (usually big) families, friends, clans, study colleagues, tribes etc. Preventing this phenomenon also know as the “resource curse” is the aim of the Extractive Industries Transparency Initiative (EITI). Participating states and corporations engage in publicly…
