The oil boom in Equatorial Guinea

Bibliographic Data

ID6020019
AuthorsJedrzej George Frynas (0000-0002-0123-105X, University of Birmingham, corresponding author)
Year2004
Volume103
Issue413
Pages527-546
Publication date2004-10-01
Open AccessNo
TypeARTICLE
VenueAfrican Affairs (JOURNAL)
Journal identifiersISSN: 0001-9909 • E-ISSN: 1468-2621
PublisherOxford University Press (PUBLISHER • GB)
DOI10.1093/afraf/adh085
OpenAlexW2019661908
LanguageEN
Citations received19

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.

Boom · Development economics · Economic growth · Economics · Economy · Ethnology · Government (linguistics) · New guinea · Oil boom · Political economy · Political science · Politics · Sociology · State (computer science) · Hispanic-African Historical Relations · Law · Oceanography

Tools

Open DOISci-Hub