Neoextractivism and Capitalist Development

The large-scale extraction of natural resources for sale in capitalist markets is not a new phenomenon, but in recent years global demand for resources has increased, leading to greater attention to the role of resource extraction in the development of the exporting countries. The term neoextractivism was coined to refer to the complex of state-private sector policies intended to utilize the income from natural resources sales for development objectives and for improving the lives of a coun...