Oil, conflict, and sustainable development in Africa

Okolo Ben Simon

International Journal of Development and Conflict, 2012, vol. 2, issue 2, 1250008

Abstract: Empirical evidence suggests that Africa is one of the richest continents in terms of its abundance of natural resources. However, it still remains impoverished amidst its riches. Oil, which is a major driver in world development, is one of the natural resources abundant in about 21 African countries. Incidentally, oil has continued to "under-develop" Africa. In fact, it has often been suggested by scholars that oil has been a source of, and a fuel for some of the conflicts that litter the political history of Africa. With the continued world demand for oil and its further discovery in more African countries, this paper argues that African countries should deploy the vast revenue from its oil resources for the development of the continent within the confines of the sustainable development paradigm. The paper seeks to suggest ways for Africa's management of its resources in a more sustainable manner.

Keywords: Oil; conflict; sustainable development; Nigeria; South Sudan; Africa (search for similar items in EconPapers)
Date: 2012
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