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A combination of higher oil production as well as higher oil prices is creating oil revenue windfalls for some Sub Saharan African countries. If well managed, these revenues have the potential to reduce poverty and bridge the development gap; if not they could lead to Dutch disease and an...
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This paper discusses some of the links between Angola’s oil wealth and its domestic and international political situation. These include direct effects such as the role of mineral revenue in prolonging and intensifying the recently ended civil war, and the ability of the government to use oil...
Persistent link: https://www.econbiz.de/10010882380
This paper discusses the effects of Angola’s mineral income from oil and diamonds on the major political and economic goal of the present time: national reconciliation and reconstruction in the aftermath of its quarter century long civil war. The paper first touches upon the size of the...
Persistent link: https://www.econbiz.de/10010921138
This paper presents a brief overview of Angola’s international trade and the prospects for diversification on the export side as well as reactivation of traded goods production to replace the current near total reliance on imports for all consumer and producer goods. It is striking that trade...
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