Economics Of Philippine Mining: Rents, Price Cycles, Externalities, And The Uncompensated Costs  

Oleh:

Bautista, Germelino M.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Loyola Schools ReView Social Sciences vol. 8 (2009), page 97-124.
Topik: Mining; Sustainable Development; Rent Externality; Philippine Environmental Policies

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: LL24 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

This paper argues that the country's current strategy of commodity-trade "niche-ing" via mineral production is a threat to sustainable development, and hardly a program for economic growth. Given the enclave character of the metallic mineral industry, its capital-intensive production, the small income shares for labor, the indigenous people, and the environment, and the greater share of rent fully remitted out of the country without contributing to domestic capital accumulation, the strategy's impact on growth is insignificant. Also, government's remedial measures and funding programs with mining constractors to address the negative externalities of mining would not fully mitigate the negative resource and environmental impacts, nor provide adequate companesation for the adverse economic and social costs. The estimated amount for mitigation measures and damage compensations would hardly cover the costs of community displacements, the loss of local clean water supply, and the health and livelihood damages from pollution and the collapse of tailings dams. Three policy measures are proposed to address these contradictions.

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