Windfalls, wipeouts, and local economic development: A study of an emerging oil city in West Africa

Franklin Obeng-Odoom

Local Economy, 2013, vol. 28, issue 4, 429-443

Abstract: Analysis of the political economy of oil tends to be under the rubric of ‘resource curse’ to the neglect of the broader problematique of the distribution of windfalls and wipeouts, the mediating role of institutions, and broader issues of local economic development. This article tries to fill this lacuna by focusing on the experiences of Sekondi-Takoradi, an oil city located in Ghana. Using the principles of eminent domain and decentralisation as analytical framework, it shows ‘who gets what’ in an oil city; demonstrates why different levels of compensation and betterment ought to be paid and received; and reveals the role and struggles of the local State in trying to ensure harmonious local economic development.

Keywords: betterment; cities; compensation; local governance; oil (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/0269094213480911 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:loceco:v:28:y:2013:i:4:p:429-443

DOI: 10.1177/0269094213480911

Access Statistics for this article

More articles in Local Economy from London South Bank University
Bibliographic data for series maintained by SAGE Publications ().