Resource curse

Cyril Obi

Chapter 6 in Handbook on Alternative Global Development, 2023, pp 91-106 from Edward Elgar Publishing

Abstract: This chapter interrogates recent versions of the resource curse, by unpacking the nexus between oil and the crisis of development in resource-rich African countries. It locates oil in global capitalist extraction and argues that the misgovernance of oil resources in Africa is rooted in, and renewed by the structures of inequality, extraction and dependence, that underpin continent’s integration into the global capitalist system. The chapter also analyzes how intensified oil extraction fuels growing inequalities, injustices, and environmental degradation, that are further exacerbated by disruptions linked to the Covid-19 pandemic, including democratic regression, and proffers suggestions for transcending the limitations of the resource curse, dismantling the political economy of extractivism, and replacing it with an innovative, socially just and sustainable system.

Keywords: Development Studies; Economics and Finance; Politics and Public Policy Sociology and Social Policy (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/doi/10.4337/9781839109959.00016 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

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:elg:eechap:19914_6

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().