| Title | Emerging powers, state capitalism and the oil sector in Africa |
|---|---|
| ID_Doc | 73275 |
| Authors | Taylor, I |
| Title | Emerging powers, state capitalism and the oil sector in Africa |
| Year | 2014 |
| Published | Review Of African Political Economy, 41, 141 |
| 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. |
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