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State-Led Industrial Development, Structural Transformation And Elite-Led Plunder: Angola (2002–2013) As A Developmental State, Jesse Salah Ovadia

Political Science Publications

From 2002-2013, Angola engaged in large-scale state-led reconstruction and development alongside an elite-led appropriation and seizure of national assets. Until the oil price shock, Angola had been succeeding in promoting rapid economic growth and possibly even significant social development alongside a massive grab of wealth and power by local elites. Today, though an economic crisis has taken hold, frequent predictions of the country’s immanent collapse have yet to be fulfilled. This paper reviews the state’s development planning and expenditure with a focus on public investment and industrial development to determine to what extent Angola during this period might have been …