Majority State Ownership of Oil and Mining Sectors in Africa: The
Resource Curse Undermined shows that countries in sub-Saharan Africa
with majority state ownership of their major oil or mineral export
sectors suffered from more severe versions of the natural resource
curse than other similar countries. Examining natural resource
exporting nations in sub-Saharan Africa between 1966 to 2000, Quinn
shows that on average, states with majority state ownership of these
sectors featured lower growth, lower incomes, declining alternative
export sectors, more debt, lower levels of investment, lower levels of
political and civil rights, and more domestic conflict than other
similar countries. These results remained fairly consistent across
both cross-country data, as well as in paired case studies. One
surprise finding is that these countries either had depreciating
currencies, or did not feature high levels of currency appreciation,
on average, which is inconsistent with resource curse literature
predictions. Rather, most countries with majority state ownership had
high levels of currency overvaluation – which operated in a similar
manner as currency appreciation. This work should appeal to students
and faculty interested in the political economy of development, the
natural resource curse, and African development, as well as
politicians, policy makers, and NGO workers working in these areas.
The strong recommendation of the book is that governments should
control 50% or less of these sectors.
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The Resource Curse Undermined
Produktdetaljer
ISBN
9780429751868
Publisert
2024
Utgave
1. utgave
Utgiver
Taylor & Francis
Språk
Product language
Engelsk
Format
Product format
Digital bok
Forfatter