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Gold Rush Research Paper

Decent Essays

Gold Rush As any organization shows to the press or in the media(website, magazines, newspaper, etc) the good things their projects can do. Their goals always seem beneficial to people and nations, but we don't know exactly the bad effects of the projects they support and if those people were beneficiaries. Based on what I read, the IMF and the World Bank are good organizations. The purpose of them it's to prevent economies crises and when they were founded, help to rebuild economies affected because of war. However, I found one project on the internet shows the opposite. The support for this project from World Bank gave was indirect because one of its own organizations, the International Finance Corp provided loans to an American company …show more content…

This gold mine, Yanacocha, it's considered one of the largest mine in South America. The problem consists the way how to extract or get the gold. The process starts with taking down hills and as the result creates deep pits. Besides to destruct the hills, the chemicals of the explosives go in the streams. Later, when the farmers take their animals to drink water they get sick and sometimes even quickly die. Also, people who live in the region still in poverty. According to the article "The effect of IMF and World Bank programs on poverty", the Bank try to make adjustments to loans but this does not make any difference or have a strong impact reducing poverty in the countries where the project it's implementing. Another issue, people wonders about their health, if the animals are at risk also their families could be. All these issues make people be angry at the company that even don't belong there, like Newmont Mining Corp (an American company) who asked for the loan to do the project. One of those people is Milton Sanchez, a leader of the protest movement said: "The gold they take out of our region is stained with blood". In the other hand, the organization argues it follows regulations to don't harm the environment and people, but …show more content…

People still protest and fight for their rights but the foreign people who represent the company try to control them in a secret way that nobody could find out. All of this could not happen if people who are doing the project follow the rules and the things government need to make sure it’s not destructive. If it’s not good, deny such project or pay a fine for not follow the rules and later force to do it. In conclusion, this and similar projects could have good intentions but the projects are not implemented as they should be. That would be a reason why there will be arguments on both sides to defend themselves, what always creates conflict on both sides and cannot agree. People who are not involved could think people are overreacting. The only truth it's the damage the environment shows and that’s the only thing that proves who's

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