The oil boom in Equatorial Guinea
Frynas, Jedrzej George (2004) The oil boom in Equatorial Guinea. African Affairs, 103 (413). pp. 527-546. ISSN 0001-9909
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In less than a decade, Equatorial Guinea has transformed itself from an African backwater into one of the world’s fastest growing economies and a sought-after political partner in the Gulf of Guinea. The sole reason for this transformation has been the discovery of oil and gas. This article outlines the rise of Equatorial Guinea as one of Africa’s leading oilproducing countries and investigates the political, economic and social effects of becoming a petro-state. The article is based on the author’s field research in Equatorial Guinea in the autumn of 2003 and interviews with senior oil company staff, government officials and staff of international organizations as well as secondary sources. This research demonstrates how reliance on oil and gas exports can lead to profound changes in a country’s political economy.
|Research Areas:||Business School > Leadership, Work and Organisations|
|Citations on ISI Web of Science:||12|
|Deposited On:||05 Feb 2009 16:45|
|Last Modified:||12 May 2014 15:41|
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