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Full-Text Articles in Social and Behavioral Sciences
Oil Exploration And Production In Sub-Saharan Africa, 1990-Present: Trends And Developments, Emmanuel Graham, Jesse Salah Ovadia
Oil Exploration And Production In Sub-Saharan Africa, 1990-Present: Trends And Developments, Emmanuel Graham, Jesse Salah Ovadia
Political Science Publications
The exploration and production of oil and gas continue to be vigorously pursued by African states and international corporations—both large and small. However, with unpredictable fluctuations in oil prices it becomes more difficult to exploit these resources in ways which accrue net benefits to both the state and its citizens. The oil and gas industry in Africa continues to grow and attract new investment, especially from China and India. Despite the lower price of oil, exploration and production activities continue to be carried out. At the same time, the possibilities for oil and gas to be a blessing narrow. Natural …
State-Led Industrial Development, Structural Transformation And Elite-Led Plunder: Angola (2002–2013) As A Developmental State, Jesse Salah Ovadia
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 …