The significant increase in foreign investment in the African extractive sector in the last decade has refuelled the debate on the effects on development of the rents generated in this sector. From the resource curse theory it is argued that the negative effects of these rents on development rents have to do basically with internal disfunctions, getting around the elements and external actors that shape and influence these internal features. The case of Chad, an oil-producing country since 2003 with the support of the World Bank, is presented and analysed in this article, reaching the conclusion that the analysis of the peripherical insertion of the country is crucial to understand the disfunctions generated by oil rents.
|Journal||Revista de Economia Mundial|
|Publication status||Published - 1 Jan 2012|
- Natural Resources
- Resource Curse Theory