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Emerging powers, state capitalism and the oil sector in Africa

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  • Ian Taylor

Abstract

The global development landscape is rapidly changing with the acceleration of the economies of emerging countries and this has important implications for sub-Saharan Africa (SSA). Notably, these emerging partners share a broad comparative advantage in their outward engagement. They are able to access large pools of finance and capital reserves and they also uphold a version of the Developmental State Model that encourages a statist approach to business. This state capitalism is increasingly coming to the fore, particularly in the aftermath of the global financial crisis and the evident intellectual collapse of neoliberalism as a sustainable economic model.

Suggested Citation

  • Ian Taylor, 2014. "Emerging powers, state capitalism and the oil sector in Africa," Review of African Political Economy, Taylor & Francis Journals, vol. 41(141), pages 341-357, September.
    • Handle: RePEc:taf:revape:v:41:y:2014:i:141:p:341-357
    DOI: 10.1080/03056244.2013.864630
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    References listed on IDEAS

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    1. Peter Nolan & Jin Zhang, 2002. "The Challenge Of Globalization For Large Chinese Firms," UNCTAD Discussion Papers 162, United Nations Conference on Trade and Development.
    2. Nolan, Peter & Zhang, Jin, 2002. "The Challenge of Globalization for Large Chinese Firms," World Development, Elsevier, vol. 30(12), pages 2089-2107, December.
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    Cited by:

    1. Schritt Jannik, 2016. "The petro-political configuration: entanglements of Western and Chinese oil zones in Niger," ZFW – Advances in Economic Geography, De Gruyter, vol. 60(1-2), pages 40-56, June.
    2. Mu, Xiaoyi, 2024. "Have the Chinese national oil companies paid too much in overseas asset acquisitions?," International Review of Financial Analysis, Elsevier, vol. 92(C).
    3. Gönenç Uysal, 2021. "Turkey’s Sub-imperialism in Sub-Saharan Africa," Review of Radical Political Economics, Union for Radical Political Economics, vol. 53(3), pages 442-461, September.
    4. Sam Hickey & Badru Bukenya & Angelo Izama & William Kizito, 2015. "The political settlement and oil in Uganda," Global Development Institute Working Paper Series esid-048-15, GDI, The University of Manchester.

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