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Periodical article Periodical article ASC Leiden catalogue ASC Leiden catalogue WorldCat catalogue WorldCat
Title:Business and Politics in a Criminal State: The Case of Equatorial Guinea
Author:Wood, Geoffrey
Year:2004
Periodical:African affairs: the journal of the Royal African Society
Volume:103
Issue:413
Period:October
Pages:547-567
Language:English
Geographic term:Equatorial Guinea
Subjects:patronage
political economy
petroleum
Politics and Government
Economics and Trade
Development and Technology
Link:http://ejournals.ebsco.com/direct.asp?ArticleID=4378AB954DC3808455BE
Abstract:This article assesses the changing nature of the contemporary political economy of Equatorial Guinea. It provides an overview of the complex and dynamic web of elite rent-generation, outlining the range of enterprises and activities - forestry, toxic waste, drugs, Flags of Convenience and pirate fishing, arms and aircraft of convenience, forced labour and labour bureaux, the oil industry - that have emerged over the past two decades and their relationship to the presidency and associated elites. In particular, it explores the extent to which the development of an oil industry has contributed to a monoculture of accumulation. It argues that, despite oil rents, other 'illicit' modes of accumulation persist and have even intensified, bound by a web of patronage, ownership and tithing. Notes, ref., sum. [Journal abstract]
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