Emerging powers, state capitalism and the oil sector in Africa

Ian Christopher Taylor

Research output: Contribution to journalArticlepeer-review

19 Citations (Scopus)

Abstract

The global development landscape is rapidly changing with the acceleration of the economies of emerging countries and this has important implications for sub-Saharan Africa (SSA). Notably, these emerging partners share a broad comparative advantage in their outward engagement. They are able to access large pools of finance and capital reserves and they also uphold a version of the Developmental State Model that encourages a statist approach to business. This state capitalism is increasingly coming to the fore, particularly in the aftermath of the global financial crisis and the evident intellectual collapse of neoliberalism as a sustainable economic model.

Original languageEnglish
Pages (from-to)341-357
Number of pages17
JournalReview of African Political Economy
Volume41
Issue number141
Early online date7 Apr 2014
DOIs
Publication statusPublished - Sept 2014

Keywords

  • State capitalism
  • Oil
  • Emerging powers
  • Friedrich list
  • Diplomacy
  • Economy

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