| ID | 100196 |
| Title Proper | Extractive industries and African democracy |
| Other Title Information | can the resource curse be Exorcised |
| Language | ENG |
| Author | McFerson, Hazel M |
| Publication | 2010. |
| Summary / Abstract (Note) | y 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. |
| `In' analytical Note | International Studies Perspectives Vol. 11, No. 4; Nov 2010: p335-353 |
| Journal Source | International Studies Perspectives Vol. 11, No. 4; Nov 2010: p335-353 |
| Key Words | Resource Curse ; Dutch Disease ; Extractive Industries ; African Politics ; Democracy ; Governance |