登入選單

返回Google圖書搜尋

The 'Resource Curse' and Constraints to Reforming Nigeria's Oil Sector

Zainab Usman

出版	SSRN, 2019
URL	http://books.google.com.hk/books?id=bgLjzwEACAAJ&hl=&source=gbs_api

註釋

This book chapter analyzes the dysfunctions of Nigeria's oil sector, often framed as the “resource curse.” The resource curse thesis has for long been employed to explain the developmental challenges of veteran oil and mineral exporters such as Nigeria. This chapter examines the weaknesses of the resource curse thesis especially its commodity determinism, and argues for a political economy approach for a more encompassing understanding of the political constraints to reforming Nigeria's oil sector. Using a political settlements framework, the chapter argues that the horizontal elite, vertical societal, and external constraints on successive ruling elites generate suboptimal policy choices for the oil industry. These political constraints generate competitive, distributional, and fiscal pressures from key stakeholders on Nigeria's ruling elite towards these suboptimal policy choices. The analysis here covers the twenty-first century, from 1999, when Nigeria transitioned to electoral democracy.