| | A study of Guinea's aluminium industry which demonstrates that the presence of large bauxite deposits and energy resources has not been sufficient for Guinea to integrate the production process within its own borders. Despite multinational promises to increase the extent of local transformation, the have preferred to locate production in countries with a proximity to large markets. This development reflects new forms of integration in the internationalisation of capital rather than the comparative costs of factors of production. In this changing context the Guinea state, severely constrained by the IMF and World Bank, has been unable to bargain successfully with the multinationals. Discusses: Guinea's Bauxite Reserves; Patterns of Relocation; The History of Bauxite and Alumina Production; Developments in the 1960s and 1970s; The Decade of the 1980s; The Current Situation; Conclusion. |
