Permanent sovereignty over natural wealth and resources and the promotion of foreign direct investment
Marrying the two within the Namibian mining industry
The creation of new States during the period of decolonisation urged the development of a principle which encompassed various demands and interests. Rooted in the right to self-determination, and with the primary aim of enabling economic development, states now have the right to freely use, exploit and regulate their natural resources within their territory. To successfully exploit these natural endowments sometimes requires the promotion of foreign investment, which lies at the centre of the sovereignty of a host state.
Less Developed Countries (LDCs) more often than not find themselves in the dilemma of advancing their domestic socio-economic aspirations and creating conducive environments for in...
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