Title of article :
Extractive Industries and African Democracy: Can the “Resource Curse” be Exorcised?
Author/Authors :
Hazel M. McFerson، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2010
Pages :
19
From page :
335
To page :
353
Abstract :
By the well-known ‘‘resource curse,’’ the abundance of oil and other valuable minerals has been associated with patrimonialism and repression— in Africa and elsewhere. This article demonstrates a self-sustaining dynamic: lack of accountability enables elite appropriation of resources which in turn raises the monetary value of political control and finances continued repression. Several initiatives have been taken in recent years to foster transparency in mineral production and revenue, but with marginal impact. Lifting the curse requires a robust global effort to discourage ‘‘plunder oil.’’ This is unlikely as long as the benefits of cheap oil to the importing countries outweigh the costs to the population of the exporting countries. The oil addiction of developed and emerging economies remains an oil malediction for African democracy. But launching a sustained international debate could eventually bear fruit.
Keywords :
Resource curse , Dutch disease , extractive industries , African Politics , Democracy , governance
Journal title :
International Studies Perspectives
Serial Year :
2010
Journal title :
International Studies Perspectives
Record number :
713919
Link To Document :
بازگشت