Photo: Jeff Spicer / FilmImage

Two Brookings Institution analysts say the acclaimed smash movie "Black Panther" offers lessons for how African countries can transform energy and mineral deposits into lasting public benefits.

Why it matters: The movie is putting fresh attention on how to mitigate or avoid the "resource curse"— the poverty, conflict, and corruption in many resource-rich nations in Africa and elsewhere.

  • Brookings' Mariama Sow and Amadou Sy look at management of the amazing metal vibranium in Wakanda, Black Panther's fictional African setting.
  • "[T]he country has wisely made use of the metal to enhance technology and economic development for its people," they write, noting governance features including use of revenues for a social safety net.
  • But they also suggest trading practices that could provide benefits beyond the isolationist Wakanda's borders.

Two real places to watch: Exxon has found massive oil fields off Guyana's coast in South America, while automakers need increasing supplies of cobalt from the Democratic Republic of Congo for batteries for electric vehicle expansion.

Yes, but: This Bloomberg Gadfly column, which also uses Black Panther as a hook, explores why Congo faces high hurdles to translating its cobalt bounty into a broader public good.

  • Those hurdles are population size; longstanding civil conflict; the prospect that changes in battery tech will erode demand; and endemic corruption.

Listen deeper: The latest International Monetary Fund podcast looks at a more recently recognized problem: the "presource curse" that can hinder economic growth in countries after petroleum discoveries but before any production occurs.

  • The expectation of development can lead to poor spending and borrowing decisions that leave a country exposed if energy companies don't ultimately make big investment decisions.

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7 hours ago - Podcasts

Facebook boycott organizers share details on their Zuckerberg meeting

Facebook is in the midst of the largest ad boycott in its history, with nearly 1,000 brands having stopped paid advertising in July because they feel Facebook hasn't done enough to remove hate speech from its namesake app and Instagram.

Axios Re:Cap spoke with the boycott's four main organizers, who met on Tuesday with CEO Mark Zuckerberg and other top Facebook executives, to learn why they organized the boycott, what they took from the meeting, and what comes next.

Boycott organizers slam Facebook following tense virtual meeting

Illustration: Sarah Grillo/Axios

Civil rights leaders blasted Facebook's top executives shortly after speaking with them on Tuesday, saying that the tech giant's leaders "failed to meet the moment" and were "more interested in having a dialogue than producing outcomes."

Why it matters: The likely fallout from the meeting is that the growing boycott of Facebook's advertising platform, which has reached nearly 1000 companies in less than a month, will extend longer than previously anticipated, deepening Facebook's public relations nightmare.

Steve Scalise PAC invites donors to fundraiser at Disney World

Photo: Kevin Lamarque-Pool/Getty Images

House Minority Whip Steve Scalise’s PAC is inviting lobbyists to attend a four-day “Summer Meeting” at Disney World's Polynesian Village in Florida, all but daring donors to swallow their concern about coronavirus and contribute $10,000 to his leadership PAC.

Why it matters: Scalise appears to be the first House lawmakers to host an in-person destination fundraiser since the severity of pandemic became clear. The invite for the “Summer Meeting” for the Scalise Leadership Fund, obtained by Axios, makes no mention of COVID-19.