Emerging powers, state capitalism and the oil sector in Africa

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Periodical article

Title:	Emerging powers, state capitalism and the oil sector in Africa
Author:	Taylor, Ian
Year:	2014
Periodical:	Review of African Political Economy (ISSN 0305-6244)
Volume:	41
Issue:	141
Pages:	341-357
Language:	English
Geographic term:	Africa
Subjects:	State capitalism international economic relations petroleum industry
External link:	https://doi.org/10.1080/03056244.2013.864630
Abstract:	This article describes the nature, emergence and (prospective) evolution of varieties of state capitalism as part of a changing 'global development landscape'. It focuses on the oil sector in sub-Saharan Africa. The author concludes that state capitalism is both a class project which benefits favoured fractions through targeted interventions and therefore a continuation from the past; but also that neoliberal opposition to state capitalism conveniently forgets the indispensable role which state intervention has historically played in processes of incorporation and continues to play in neoliberal globalization. Bibliogr., note, sum. in English and French. [ASC Leiden abstract]