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- Title
Bougainville Copper and the Economic Development of Papua-New Guinea.
- Authors
TreadGold, M.L.
- Abstract
This paper considers some aspects of the role of the Bougainville copper project in the future economic development of Papua-New Guinea.[1] It suggests that the project will make a very large immediate contribution to the growth of real income, but also argues that relative to the total size of this contribution and relative to existing levels of activity the project will provide only a small direct stimulus to the expansion of the private non-mining sectors of the economy. This small direct stimulus does not, however, signify that the total effects of the project on the growth of the rest of the economy will be small. Even apart from the substantial encouragement that the project may give to other mining ventures, the large additional resources that will be made available to the present Administration and future independent governments (as a result of the public revenue generated by the project) will create, at least potentially, the means for the public sector to promote considerable development elsewhere in the economy.
- Subjects
PAPUA New Guinea; BOUGAINVILLE Copper Ltd.; ECONOMIC history
- Publication
Economic Record, 1971, Vol 47, Issue 118, p186
- ISSN
0013-0249
- Publication type
Article
- DOI
10.1111/j.1475-4932.1971.tb00759.x