Gold

Gold is a valuable resource that impacts the global economy, from electronics to mining. Bloomfield and Maconachie's book explores the shifts in the gold industry, including BRICS countries' purchases and rising demand in India and China. They suggest ways to make supply chains more responsible and regulate gold, benefiting workers and communities.

Format: Paperback / softback
Length: 204 pages
Publication date: 27 November 2020
Publisher: Polity Press

Gold, a precious and influential resource, continues to hold a significant place in the global economy. Its demand, driven by the proliferation of electronics in our daily lives, as well as the environmental consequences of gold mining in the Amazon, has a profound impact on people worldwide. In their book, Bloomfield and Maconachie delve into the captivating history of gold, highlighting the significant shifts that have occurred in the industry over the past few decades. They illustrate how the massive purchases of gold reserves by BRICS countries have shifted the power balance away from the West, and how the rising affluence in India and China has resulted in a surge in demand for gold jewelry. The authors raise important questions about the current approaches to responsible supply chain management and propose ways to improve practices for the countless workers and communities who bear the brunt of the producer end of the supply chain.

This book spans local to global connections, linking producers to consumers and the extraction of gold from the Earth to the financial centers that fuel it. Through a comprehensive analysis, it sheds light on who benefits and who loses from the gold trade, and what these outcomes mean for the future of this valuable resource. By examining the complex dynamics and multifaceted implications of gold, Bloomfield and Maconachie provide valuable insights into the world of economics and offer a roadmap for a more sustainable and equitable future.

Weight: 286g
Dimension: 149 x 210 x 20 (mm)
ISBN-13: 9781509534111