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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:The dual nature of local content in Angola's oil and gas industry: development vs. elite accumulation
Author:Ovadia, Jesse Salah
Periodical:Journal of Contemporary African Studies (ISSN 0258-9001)
Geographic term:Angola
Subjects:petroleum industry
economic development
economic inequality
Abstract:After decades of underdevelopment and conflict in the face of massive resource wealth, Angola is putting in place new strategies to dramatically increase its participation in its oil and gas and related services sectors. Although 'local content', or 'Angolanização', has been in place for decades, it has largely failed to increase the developmental benefits accruing from the country's resource wealth. The new local content push is likely to succeed at promoting economic growth. However, the policies have also become important mechanisms for unequal growth and new forms of elite accumulation. This paper reviews the historical context, legal framework, and current impact of local content in order to emphasize their dual role in creating development while concentrating elite power in Angola. Bibliogr., notes, ref., sum. [Journal abstract]