Political Economy of the Resource Curse in Africa Revisited: The Curse as a Product and a Function of Globalised Hydrocarbon Assemblage

This paper revisits the resource curse thesis that explains the tendency of natural resource rich economies in developing world (including in Africa) to perform poorly economically and on other development indicators. It argues that the exiting conceptualisation of the curse suffers from methodologi...

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Bibliographic Details
Published inJournal of Asian sociology Vol. 46; no. 1; p. 83
Main Author Siakwah, Pius
Format Journal Article
LanguageEnglish
Published Seoul Institute for Social Development and Policy Research, Seoul National University 01.06.2017
Subjects
Conditioning
Developing countries
Economic development
Economic growth
Economics
Endowment
Function
GDP
Globalization
Gross Domestic Product
LDCs
Local politics
Low income groups
Nationalism
Natural resources
Neocolonialism
Networks
Political economy
Politics
Postulates
Researchers
Singers
Sociology
Studies
Tourism
Transnationalism
Volatility
Africa
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Summary:This paper revisits the resource curse thesis that explains the tendency of natural resource rich economies in developing world (including in Africa) to perform poorly economically and on other development indicators. It argues that the exiting conceptualisation of the curse suffers from methodological nationalism where state weaknesses/strengths is credited as the main factor that conditions and shapes natural resource impacts. Such analysis disregards how external actors and structures interact with national and local politics to shape development. Using network approach, this paper postulates that the curse is a tendency conditioned and moulded by a globalised assemblage' - interactions between and among states, national and local politics, transnational interests, technologies and globalised structures and actors.
ISSN:2671-4574
2671-8200
DOI:10.21588/dns/2017.46.1.004