Poverty, Petroleum & Policy Intervention
Lessons from the Chad-Cameroon Pipeline
Bibliographic Data
| ID | 11904823 |
|---|---|
| Authors | Nikola Kojucharov (corresponding author) |
| Year | 2007 |
| Volume | 34 |
| Issue | 113 |
| Publication date | 2007-09-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Review of African Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0305-6244 • E-ISSN: 1740-1720 |
| Publisher | Taylor & Francis (PUBLISHER • GB) |
| DOI | 10.1080/03056240701672619 |
| OpenAlex | W2016385194 |
| Language | EN |
| Citations received | 7 |
| References cited | 26 |
The ‘resource curse’ – the tendency of resource wealth to impair natural resource exporting countries on various economic and political dimensions – has shown some of its strongest manifestations in Africa's petro-states. For this reason, the World Bank's recent attempt to engineer an accountable and transparent oil economy in one of Africa's poorest and most corrupt countries – Chad – deserves close scrutiny and critical analysis. Although the World Bank has conducted the Chad-Cameroon Pipeline Project with the belief that the ‘resource curse’ can be mitigated through sound economic and fiscal policies, the results thus far suggest that Chad is doomed to repeat an all too familiar fate of economic turmoil and political strife. This article draws on the disappointing realities since Chad's first oil exports, and examines three major factors underlying Chad's unsuccessful conversion of oil revenues into poverty reduction: institutional capacity constraints, socio-political incompatibilities, and subversive interactions with external lenders. Although the majority of critics attribute the project's failures to the World Bank's policy choices and management, this analysis suggests that the project has been hindered more by the external nature of the World Bank's policy intervention than by any particular design flaws. Given the shortcomings of the Bank's intervention, this article considers plausible revisions to the project, and draws policy implications for future development endeavours of this nature
Development economics · Economic growth · Economic policy · Economics · Intervention (counseling · Language change · Natural resource · Political economy · Political science · Politics · Poverty · Resource curse · Revenue · Scrutiny · Global Energy and Sustainability Research · Law · Mining and Resource Management · Natural Resources and Economic Development · Finance
‘Pedagogical’ and Ethnographic Fictions and Meta-narratives of Development
Oil extraction and public attitudes
Oil exploration and production in Sub-Saharan Africa, 1990-present
Oil in Chad and Equatorial Guinea
Turkmenistan and the virtual politics of Eurasian energy
The Political Economy of Africa's Natural Resources and the ‘Great Financial Crisis’
Cruciform sovereignty, matrix governance and the scramble for Africa's oil
Competitive Industrialization with Natural Resource Abundance
Embedded Autonomy
Natural Resource Abundance and Economic Growth
Sustaining development in mineral economies
Natural resources, education, and economic development
Addressing the Natural Resource Curse
Addressing the Natural Resource Curse
The curse of natural resources
Resource Abundance and Economic Development
United Nations (UN)
The Political Economy of the Rent-Seeking Society
The Paradox of Plenty
Industrial policy reform in six large newly industrializing countries
The Bush administration & African oil
Dallas to Doba
Sharing Sovereignty
Chad
Chad
Booming Sector and De-Industrialisation in a Small Open Economy
Nuclear Proliferation in Asia
The Political Economy of the Resource Curse
Can policy intervention beat the resource curse? Evidence from the Chad–Cameroon pipeline project
Does Oil Hinder Democracy
New approaches to volatility
| Citations per year | 0.41 |
|---|---|
| Citation span | 2009 - 2021 (13) |
| Highly cited | No |