Date: Thu Mar 13 2003 - 20:08:04 EST
More Mommer on Venezuela: http://www.members.partisan.net/sds/sds00703.html The underlying "dependency" framework here seems similar to Chibuzo Nwoke's Third World Minerals and Global Pricing (1987). I cited this book in our discussion 11/2 years ago. Both Mommer and Nwoke do not seem to have a theory of price proper, and may at times suggest that it is more politically manipulable than it in fact is--nostaglia for the NIEO? Third world minerals and global pricing: A new theory, Nwoke, Chibuzo, London and Atlantic Highlands, N.J.: Zed Books; distributed by Humanities Press, Atlantic Highlands, N.J., 1987, pages x, 229. Examines the distribution of wealth inherent in the third world's mineral resources. Theoretically and analytically explores the issue of conflicting relations between foreign mining firms and third world governments. Develops the Marxist theory of ground rent to argue that the current mineral crisis lies in the contest between Western mining companies and the third world over which can appropriate more "rent" from international mining. Contends that the third world can only maximize its producer power if it is able to realize the full surplus profit available. Examines rent theory and the distribution of wealth from contemporary world mining, and the struggle over surplus profits. Reviews the limited prospects of third world producers' associations. Discusses the world copper industry, focusing on producer associations and differential rents. Nwoke is a research fellow with the Nigerian Institute of International Affairs. Bibliography; index.
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