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Prosperity in a crisis economy: the Nyamongo gold boom, Tanzania, 1970s–1993
Journal of Eastern African Studies ( IF 1.828 ) Pub Date : 2020-06-04 , DOI: 10.1080/17531055.2020.1774706
Nathaniel Chimhete 1
Affiliation  

ABSTRACT From the mid-1970s to the early 1990s, Tanzania experienced an unprecedented crisis characterized by high inflation, unemployment and the shortage of basic commodities. Interviews with contemporaries and the scanty documentary evidence available show that this crisis did not impede small-scale gold mining industry in Nyamongo, Tarime District. On the contrary, mining in Nyamongo boomed during this period, largely because the price of gold on the international market rose exponentially during this period. In the inflationary environment of Tanzania in the 1970s and 1980s, gold not only acted as a hedge against inflation; it also enabled small miners to have access to foreign currency and basic commodities that were in short supply in the country. But the gold riches of Nyamongo remained largely “local” because the gold economy developed as a clan-based enclave economy with few linkages to the national economy.

中文翻译:

危机经济中的繁荣:1970年代至1993年,坦桑尼亚的Nyamongo黄金热潮

摘要从1970年代中期到1990年代初,坦桑尼亚经历了前所未有的危机,其特征是高通胀,失业和基本商品短缺。对当代人的采访和很少的文献证据表明,这场危机并没有妨碍塔里木地区尼蒙哥的小型金矿开采业。相反,Nyamongo的采矿业在此期间蓬勃发展,主要是因为在此期间国际市场上的黄金价格呈指数增长。在1970年代和1980年代坦桑尼亚的通货膨胀环境中,黄金不仅充当了对冲通货膨胀的避风港;它还使小型矿工能够使用该国短缺的外汇和基本商品。
更新日期:2020-06-04
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