Oil, power, and poverty in Angola

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Periodical article

Title:	Oil, power, and poverty in Angola
Editor:	García-Rodríguez, José León
Year:	2015
Periodical:	African Studies Review (ISSN 1555-2462)
Volume:	58
Issue:	1
Pages:	159-176
Language:	English
Geographic term:	Angola
Subjects:	petroleum petroleum industry corruption poverty
External link:	https://doi.org/10.1017/asr.2015.8
Abstract:	Angola is a large country with a relatively small population and abundant natural resources, including oil reserves. The high price fetched by oil, the mainstay of the Angolan economy, on international markets has helped this leading producer attain growth rates that are among the highest in the world. However, Angola is also noted for its unequal distribution of wealth and notorious political corruption. This article seeks to explore this paradox within the framework of the so-called resource curse theory and analyze the role played by the oil industry in the process. Bibliogr., notes, ref., sum. in English and French. [Journal abstract]