The Petro-Developmental State in Africa: Making Oil Work in Angola, Nigeria and The Gulf of Guinea.
THE PETRO-DEVELOPMENTAL STATE IN AFRICA
MAKING OIL WORK IN ANGOLA, NIGERIA AND THE GULF OF GUINEA
BY JESSE SALAH OVADIA
40 [pounds sterling] HURST ISBN: 9781849044769
Jesse Salah Ovadia lectures in International Political Economy at Newcastle University, UK. in this book, she focuses on local content in the oil and oil service sectors and the changing accumulation strategies of the domestic elite.
She also questions what kinds of development are possible through natural resource extraction and argues that a new form of developmental state--the "petro-developmental state"--may now be emerging in the Gulf of Guinea, allowing states to capitalise on a resource that has traditionally been thought of as a "curse".
Although published last month, the authorship of The Petro-Developmental State in Africa predates the slump in the oil price and how this factor will undoubtedly change geopolitical realities of the continent.
But Ovadia contends that, ultimately, local content is perhaps the single most important innovation in energy policy in the Global South in recent decades.