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African Transitions And The Resource Curse: An Alternative Perspective

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  • Thomas C. Heller

Abstract

Despite periodic rises in commodity prices, resource‐rich African countries have been characterised by state failure and low long‐term economic growth. Competing explanations for the resource curse are examined with a particular focus on political institutions. The effective privatisation of states is considered within an alternative theoretical framework of non‐democratic governance and non‐market economics. Given the nature of many African governments, international initiatives to encourage the development of effective markets and democracy may be inadequate to prevent increased resource rents from consolidating existing elites and their patronage regimes.

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  • Thomas C. Heller, 2006. "African Transitions And The Resource Curse: An Alternative Perspective," Economic Affairs, Wiley Blackwell, vol. 26(4), pages 24-33, December.
    • Handle: RePEc:bla:ecaffa:v:26:y:2006:i:4:p:24-33
    DOI: 10.1111/j.1468-0270.2006.00665.x
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    References listed on IDEAS

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    1. Paul Collier & David Dollar, 2004. "Development effectiveness: what have we learnt?," Economic Journal, Royal Economic Society, vol. 114(496), pages 244-271, June.
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    Cited by:

    1. Opoku Adabor & Emmanuel Buabeng & Raoul Fani Djomo Choumbou, 2021. "Asymmetrical effect of oil and gas resource rent on economic growth: Empirical evidence from Ghana," Cogent Economics & Finance, Taylor & Francis Journals, vol. 9(1), pages 1971355-197, January.
    2. Jack Pegram & Gioia Falcone & Athanasios Kolios, 2018. "A Review of Job Role Localization in the Oil and Gas Industry," Energies, MDPI, vol. 11(10), pages 1-18, October.

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