Extractive industries in the context of "West Africa"

⭐ In the context of West Africa, the development of extractive industries is considered…

Ad spacer

⭐ Core Definition: Extractive industries

Extractivism is the removal of natural resources particularly for export with minimal processing. This economic model is common throughout the Global South and the Arctic region, but also happens in some sacrifice zones in the Global North in European extractivism. The concept was coined in Portuguese as "extractivismo" in 1996 to describe the for-profit exploitation of forest resources in Brazil.

Many actors are involved in the process of extractivism. These mainly include transnational corporations (TNCs) as the main players, but are not limited to them, because they also include the government and some (chiefly economic) community members. Trends have demonstrated that countries do not often extract their own resources; extraction is often led from abroad. Extractivism is controversial because it exists at the intersection where economic growth and environmental protection meet. This intersection is known as the green economy. Extractivism has evolved in the wake of neo-liberal economic transitions to become a potential avenue for development to occur. This development occurs through stabilizing growth rates and increasing direct foreign investment.

↓ Menu

>>>PUT SHARE BUTTONS HERE<<<

πŸ‘‰ Extractive industries in the context of West Africa

West Africa, also known as Western Africa, is the westernmost region of Africa. The United Nations defines Western Africa as the 16 countries of Benin, Burkina Faso, Cape Verde, The Gambia, Ghana, Guinea, Guinea-Bissau, Ivory Coast, Liberia, Mali, Mauritania, Niger, Nigeria, Senegal, Sierra Leone, and Togo, as well as Saint Helena, Ascension and Tristan da Cunha (a United Kingdom Overseas Territory). As of 2021, the population of West Africa is estimated at 419 million, and approximately 382 million in 2017, of which 189.7 million were female and 192.3 million male. The region is one of the fastest growing in Africa, both demographically and economically.

Historically, West Africa was home to several powerful states and empires that controlled regional trade routes, including the Mali and Gao Empires. Positioned at a crossroads of trade between North Africa and sub-Saharan Africa, the region supplied goods such as gold, ivory, and advanced iron-working. During European exploration, local economies were incorporated into the Atlantic slave trade, which expanded existing systems of slavery. Even after the end of the slave trade in the early 19th century, colonial powers β€” especially France and Britain β€” continued to exploit the region through colonial relationships. For example, they continued exporting extractive goods like cocoa, coffee, tropical timber, and mineral resources. Since gaining independence, several West African nations, such as the Ivory Coast, Ghana, Nigeria and Senegal β€” have taken active roles in regional and global economies.

↓ Explore More Topics
In this Dossier