Oil, Corruption and the Resource Curse

  title={Oil, Corruption and the Resource Curse},
  author={Nicholas Shaxson},
  journal={Agricultural \& Natural Resource Economics eJournal},
  • N. Shaxson
  • Published 1 November 2007
  • Economics
  • Agricultural & Natural Resource Economics eJournal
Popular perceptions of corruption, poverty and the ‘resource curse’ in the oil-rich Gulf of Guinea can be caricatured as belonging to (or falling between) two possible positions. First, the fault lies with oil companies, exploiting, bribing and otherwise abusing innocent Africans. Second, the blame lies with corrupt African rulers, stealing the oil money. There is truth in each position, but this is now a stale, unhelpful debate, obscuring other aspects of the problem. Several themes merit more… 

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