ResourceCurse

The Cobalt Conundrum: Wealth in Poverty👇

The Democratic Republic of Congo, a nation blessed with an abundance of natural resources, finds itself paradoxically mired in poverty. As the world's largest supplier of cobalt, accounting for over 70% of global production, one would expect its riches to translate into prosperity for its citizens. Instead, the Congolese people continue to struggle with some of the harshest living conditions on the planet. This stark contrast between resource wealth and economic poverty raises critical questions about the exploitation of resources, governance, and the true cost of progress.

The cobalt that powers our modern world—fueling smartphones, laptops, and electric vehicles—comes at a steep human and environmental cost in the DRC. Artisanal mining, which accounts for a significant portion of cobalt production, is fraught with dangers, from hazardous working conditions to child labor. Meanwhile, the revenue generated from these resources often fails to benefit the local population, instead lining the pockets of corrupt officials and multinational corporations. Without meaning$XRP
ful reform, the DRC's cobalt wealth will continue to fuel global innovation while leaving its own people in the shadows of poverty.
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