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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Abstract

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.

Item Type: Article
Research Areas: A. > Business School > International Management and Innovation
A. > Business School > International Management and Innovation > Corporate Social Responsibility and Business Ethics group
ISI Impact: 12
Item ID: 945
Useful Links:
Depositing User: Repository team
Date Deposited: 05 Feb 2009 16:45
Last Modified: 27 Jan 2016 11:55
URI: http://eprints.mdx.ac.uk/id/eprint/945

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