Some countries “fall prey to the oil curse”

Executive Summary

Oil and gas resources generate badly needed revenue for many nations in sub-Saharan Africa – but also tie those countries’ economies to the unpredictable cycles of global energy markets. Some exporting nations failed to plan for the price downturn that took hold in 2014. A key takeaway:

  • Many African oil-producing nations have been plagued by corruption, violent conflict and theft of resources.

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DOI: 10.1177/237455680317.n6