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Oil, Power, and Poverty in Angola

Published online by Cambridge University Press:  16 March 2015

José León García-Rodríguez ,
Francisco J. García-Rodríguez ,
Carlos Castilla-Gutiérrez  and
Silvério Adriano Major
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Abstract:

Angola is a large country with a relatively small population and abundant natural resources, including oil reserves. The high price fetched by oil, the mainstay of the Angolan economy, on international markets has helped this leading producer attain growth rates that are among the highest in the world. However, Angola is also noted for its unequal distribution of wealth and notorious political corruption. This article seeks to explore this paradox within the framework of the so-called resource curse theory and analyze the role played by the oil industry in the process.

Résumé:

L’Angola est un grand pays avec une population relativement faible et des ressources naturelles abondantes, notamment des réserves importantes de pétrole. Le prix élevé atteint par le pétrole, pilier de l’économie angolaise, sur les marchés internationaux a aidé ce top producteur à atteindre des taux de croissance parmi les plus élevés dans le monde. Toutefois, l’Angola est également connu pour sa distribution inégale des richesses et sa corruption politique notoire. Cet article cherche à explorer ce paradoxe dans le cadre de la théorie dite de la “malédiction des ressources,” et il analyse le rôle joué par l’industrie pétrolière dans cette situation.

Keywords

Oilresource cursepovertypolitical corruptionAngola
Type
ARTICLES
Information
African Studies Review , Volume 58 , Issue 1 , April 2015 , pp. 159 - 176
Copyright
Copyright © African Studies Association 2015 

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