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Billions of dollars stolen from citizens are circling the globe, enriching powerful individuals, altering political outcomes, and disadvantaging everyday people. News headlines provide glimpses of how this corruption works and why it matters: President Trump's businesses struck deals with oligarchs and sold property to secretive shell companies; the Panama Papers leak triggered investigations in 79 countries; and, corruption scandals toppled heads of state in Brazil, South Africa, and South Korea. But how do these pieces fit together? And if the corruption is so vast and so tied up with powerful interests, how do we begin to fight back? To find answers, Crude Intentions examines the corrupti...
International and Comparative Law Approaches for Optimizing Petro-Wealth in an SDGs Context and in harmony with sustainable development forms the core and subject of this book. This book considers a beleaguered Nigerian oil industry and the pervasive contemporary struggles to sustain lucrative oil production in the 21st Century. Currently, Nigeria grapples with unrelenting and intractable challenges in its oil industry and apparently, a plausible means of alleviating the extensive negative impacts of untenable oil exploitation patterns in the Niger-delta have remained elusive. From the foregoing, the missing ingredient seems to be a dismal lack of sustainability endeared approaches to guaran...
This handbook places emphasis on modern/contemporary times, and offers relevant sophisticated and comprehensive overviews. It aims to emphasize the religious, economic, political, cultural and social connections between Africa and the rest of the world and features comparisons as well as an interdisciplinary approach in order to examine the place of Africa in global history. "This book makes an important contribution to the discussion on the place of Africa in the world and of the world in Africa. An outstanding work of scholarship, it powerfully demonstrates that Africa is not marginal to global concerns. Its labor and resources have made our world, and the continent deserves our respect." ...
In this book, Stan Chu Ilo offers an integral theology of development and a critical social analysis of different development theories and practices in the world, especially in Africa. Ilo offers a comprehensive biblical, anthropological, and theological foundation of the principles and praxis of Catholic social ethics from the Second Vatican Council to Pope Francis. Drawing from the social encyclical Charity in Truth, Ilo shows how Catholic social teaching responds to some of the challenging questions and concerns of our times in relation to human rights, ecology, globalization, international cooperation, development and aid, human and cultural development, business ethics, social justice, and the challenges of poverty eradication. He creatively applies these principles to the social context of Africa, and lays a groundwork for sustainable Christian humanitarian and social justice initiatives in Africa.
Beneath Venezuelan soil lies an ocean of crude—the world’s largest reserves—an oil patch that shaped the nature of the global energy business. Unfortunately, a dysfunctional anti-American, leftist government controls this vast resource and has used its wealth to foster voter support, ultimately wreaking economic havoc. Crude Nation reveals the ways in which this mismanagement has led to Venezuela’s economic ruin and turned the country into a cautionary tale for the world. Raúl Gallegos, a former Caracas-based oil correspondent, paints a picture both vivid and analytical of the country’s economic decline, the government’s foolhardy economic policies, and the wrecked lives of Vene...
In recent decades, there has been an upsurge of western professionals providing financial and legal services to kleptocrats Russia and Eurasia. The United Kingdom has provided more such services than any other nation, and the effect has been to undermine democracy and good governance in both the UK and in the countries these elites come from. By cataloging through rich case studies of how kleptocrats offshored their wealth and exploited both financial deregulation and the UK's punitive libel regime, this book demonstrates what is at stake politically in the globalization of authoritarian regime practices.
Nigeria, the United States’ most important strategic partner in West Africa, is in grave trouble. While Nigerians often claim they are masters of dancing on the brink without falling off, the disastrous administration of President Goodluck Jonathan, the radical Islamic insurrection Boko Haram, and escalating violence in the delta and the north may finally provide the impetus that pushes it into the abyss of state failure. In this thoroughly updated edition, John Campbellexplores Nigeria’s post-colonial history and presents a nuanced explanation of the events and conditions that have carried this complex, dynamic, and very troubled giant to the edge. Central to his analysis are the oil wealth, endemic corruption, and elite competition that have undermined Nigeria’s nascent democratic institutions and alienated an increasingly impoverished population. However, state failure is not inevitable, nor is it in the interest of the United States. Campbell provides concrete new policy options that would not only allow the United States to help Nigeria avoid state failure but also to play a positive role in Nigeria’s political, social, and economic development.
After the Cold War, Africa earned the dubious distinction of being the world's most bloody continent. But how can we explain this proliferation of armed conflicts? What caused them and what were their main characteristics? And what did the world's governments do to stop them? In this fully revised and updated second edition of his popular text, Paul Williams offers an in-depth and wide-ranging assessment of more than six hundred armed conflicts which took place in Africa from 1990 to the present day - from the continental catastrophe in the Great Lakes region to the sprawling conflicts across the Sahel and the web of wars in the Horn of Africa. Taking a broad comparative approach to examine ...
With both domestic and external financing expected to dry up in the wake of the COVID-19 pandemic, this book argues that there is a need for fresh ideas and new strategies for achieving sustainable development in Africa. In addition to triggering the most severe recession in nearly a century, the COVID-19 pandemic has disrupted global value chains, causing unprecedented damage to healthcare systems, economies, and well-being, hitting the world’s most vulnerable people the hardest. Even before the pandemic, Africa was suffering from the effects of low commodity prices, sluggish GDP growth, high debt levels, low levels of domestic savings, and weak private capital inflows. This book argues t...
This volume focuses on the political economy surrounding the detailed decisions that governments make at each step of the value chain for natural resource management. From the perspective of public interest or good governance, many resource-dependent developing countries pursue apparently short-sighted and sub-optimal policies in relation to the extraction and capture of resource rents, and to spending and savings from their resource endowments. This work contextualizes these micro-level choices and outcomes.