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This book addresses the factors that have led to the lackluster economic performance of the oil MENA region, despite the wealth of its vast natural resource. It offers a radical policy recommendation as a way out. Using data from a wide variety of sources, it analyzes the major problems that confront the governments of the MENA region, and make the case why the status quo is unsustainable. Recently, Algeria has shown that people will tire of the status quo and will demand wholesale changes. At the core of the problem of corruption, rent seeking, waste, and lack of economic diversification, is the presence of oil and its control by the state. But oil by itself should help, not hinder MENA’s economic development. While historically, oil revenues may have contributed to the maintenance of corrupt institutions and rent seeking among oil-rich nations, the mere presence of such valuable natural resources need not be the problem. It argues for a plan to empower citizens and invert the power relationship, so that the citizen’s voices matter. For the spirit of the Arab Spring to be successful, the region must adopt significant institutional changes that embrace the rule of law, transparency, democratic accountability, and the protection of human and private rights.

Oil industries. --- Oilseed industry --- Petroleum industry and trade --- Development economics. --- Economic growth. --- Economic policy. --- Development Economics. --- Economic Growth. --- Economic Policy. --- Economic nationalism --- Economic planning --- National planning --- State planning --- Economics --- Planning --- National security --- Social policy --- Development, Economic --- Economic growth --- Growth, Economic --- Economic policy --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- Economic development

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"In OIL AND THE LICIT LIFE OF CAPITALISM IN EQUATORIAL GUINEA Hannah Appel considers how oil extraction creates forms of legality and legitimacy that mask its historical relationship to imperialism and slavery in Equatorial Guinea. As a former Spanish colony whose oil industry has developed in the shadow of it's neighbor Nigeria's (and stories of Nigeria's "resource curse"), Equatorial Guinea provides an understudied example of capitalism's imbrication of itself in state formation through oil extraction. Rooted in anthropology's turn to the study of infrastructure as a way to analyze the interactions of people, things, and the state, Appel's account focuses on structures and procedures that have enabled oil extraction and the flourishing of capitalism from Spanish colonization to the present day. Focusing on processes unique to petrocapital, such as offshore drilling, as well as those that have their roots or most prominent forms there, such as the contract or subcontractual labor, Appel shows how capitalism is not just the context in which oil extraction takes place, but itself a project, something that must be constantly reinforced and remade. Appel shows how ethnography provides a vital method for understanding capitalism's everyday reassertion and recreation of its own power as something that must be made and remade every day."--Provided by publisher.

Oil industries --- Petroleum industry and trade --- Capitalism --- Economic aspects --- United States --- Equatorial Guinea --- Foreign economic relations --- Market economy --- Economics --- Profit --- Capital --- Energy industries --- Oilseed industry --- Ækvatorialguinea --- Äquatoriaal-Guinea --- Äquatorialguinea --- Äquatorioal Guinea --- Beaivvedási Guinea --- Cemajan Gine --- Ce̳majan Gine ka Fasojamana --- Chawpipacha Khiniya --- Chawpipacha Khiniya Republika --- Chhiah-tō Guinea --- Chhiah-tō Guinea Kiōng-hô-kok --- Chi dao ji nei ya gong he guo --- Chidao Jineiya --- Chidao Jineiya Gongheguo --- Cộng hòa Guinea Xích Đạo --- Dēmokratia tēs Isēmerinēs Gouineas --- Egyenlítői-Guinea --- Egyenlítői-Guinea-i Köztársaság --- Ekuator Ginii︠a︡ --- Ėkuator Guinei︠a︡ta --- Ėkuator Guinei︠a︡tyn Respublikata --- Ekuatore Ginea --- Ekuatore Gineako Errepublika --- Ėkvataryi︠a︡lʹnai︠a︡ Hvinei︠a︡ --- Ekvator Ginesi --- Ekvator Ginesi Cumhuriyeti --- Ekvatora Gvineo --- Ekvatorguinea --- Ekvatorgvinea Respubliko --- Ekvatoriaal-Ginea --- Ekvatoriaal-Ginea Vabariik --- Ekvatoriaal-Guinea --- Ekvatoriaal-Guinea Vabariik --- Ekvatorial-Guinea --- Ekvatorial Gvineya --- Ekvatorial Qvineya --- Ekvatoriālā Gvineja --- Ekvatoriālās Gvinejas Republika --- Ekvatorialguinea --- Ekvatorialna Gvinei︠a︡ --- Ekvatorialna Gvineja --- Ekvatorialʹna Hvinei︠a︡ --- Ėkvatorialʹnai︠a︡ Gvinei︠a︡ --- Ekvatorijalna Gvineja --- Ekvatorli Gvineya --- Ekvatorli Gvineya Respublikasi --- Ekvatorska Gvineja --- Ekvatuorė Gvinėjė --- Ekwatoriaal-Guinee --- Ekwatoryal Gini --- Equatoral Gini --- Equatorala Guinea --- Equatoriaal-Guinea --- Equatoriaal Guinee --- Equatorialguinea --- Equatoriaol Hunea --- Ghuine Mheánchiorclach --- Ghuine Mheánchriosach --- Gine ekwateryal --- Gine-Ekwatorial --- Gineang Ekwatoryal --- Ginëe tî Ekuatëre --- Gineg yamoo --- Gineya Ekwatori --- Gineya Ekwatoriyale --- Gînêya Rojbendî --- Gini Mheadhan-Chriosach --- Gíní Nahasdzáán Ałníiʼgi Siʼánígíí --- Guiné Equatorial --- Guinê èquatoriâla --- Guinea Aequatorensis --- Guinea Alágedeméjì --- Guinea Chryss ny Cruinney --- Guinea Ecuadoriale --- Guinea Ecuatorial --- Guinea Equatoriâ --- Guinea, Equatorial --- Guinea Equatorial --- Guinèa Eqüatoriala --- Guinea Equatoriale --- Guinea Equaturiala --- Guinea Gyhydeddol --- Guinea Katulistiwa --- Guinea Khatulistiwa --- Guinea Tlahcotlālticpac --- Guinea Xích Đạo --- Guinea ya Ikweta --- Guinée équatoriale --- Guineea Ecuatorială --- Guineja Ekuatoriale --- Guineyang Ekwatoryal --- Guinia Ecuaturiali --- Gweriniaeth Guinea Gyhydeddol --- Gwinea Ekwatorjali --- Gwinea Równikowa --- Gyni Ekwadoriel --- Ikweetiga Guinea --- Isēmerinē Gouinea --- Jamhuri ya Guinea ya Ikweta --- Jamhuuriyadda Ikweetiga Guinea --- Kveatora-Gineyän --- Lýðveldi Ekvatorguinea --- Miðbaugs-Gínea --- Orílẹ̀-èdè Olómìnira ilẹ̀ Guinea ti Alágedeméjì --- Päiväntasaajan Guinea --- Päiväntasaajan Guinean tasavalta --- Pobblaght Ghuinea Chryss ny Cruinney --- Pusiaujo Gvinėja --- Pusiaujo Gvinėjos Respublika --- Repoblek Gyni Ekwadoriel --- Repubblica della Guinea Equatoriale --- Republic of Equatorial Guinea --- Républica da Guiné Equatorial --- República de Guinea Ecuatorial --- Republica Guineea Ecuatorială --- Republiek Equatoriaal-Guinea --- Republik Äquatorialguinea --- Republik Guinea Katulistiwa --- Republik Guinea Khatulistiwa --- Republika Ekvatorialna Gvinei︠a︡ --- Republika Ekvatorialna Gvineja --- Republika Ekvatorijalna Gvineja --- Republika Ekvatorska Gvineja --- Republika Gwinei Równikowej --- Republika ng Equatorial Guinea --- Republika Rovníková Guinea --- Republika Rovníkovej Guiney --- Republiken Ekvatorialguinea --- Republíki ya Gine-Ekwatorial --- Republikken Ekvatorial-Guinea --- République de Guinée équatoriale --- Respublika Ekvatorialʹna Hvinei︠a︡ --- Respublika Ėkvatorialʹnai︠a︡ Gvinei︠a︡ --- Rovníková Guinea --- Sekidō Ginia --- Sekidō Ginia Kyōwakoku --- Tlācatlahtohcāyōtl Guinea Tlahcotlālticpac --- Δημοκρατια της Ισημερινης Γουινεας --- Ισημερινη Γουινεα --- Республика Экваториальная Гвинея --- Республіка Екваторіальна Гвінея --- Република Екваторска Гвинеја --- Република Екваториална Гвинея --- Република Екваторијална Гвинеја --- Экуатор Гуинеята --- Экуатор Гуинеятын Республиката --- Экватарыяльная Гвінея --- Экваториальная Гвинея --- Екуатор Гиния --- Екваторска Гвинеја --- Екваториална Гвинея --- Екваторијална Гвинеја --- Екваторіальна Гвінея --- 赤道ギニア --- 赤道ギニア共和国 --- 赤道幾內亞 --- 赤道幾內亞共和國 --- 赤道几内亚 --- Spanish Guinea --- ABŞ --- ABSh --- Ameerika Ühendriigid --- America (Republic) --- Amerika Birlăshmish Shtatlary --- Amerika Birlăşmi Ştatları --- Amerika Birlăşmiş Ştatları --- Amerika ka Kelenyalen Jamanaw --- Amerika Qūrama Shtattary --- Amerika Qŭshma Shtatlari --- Amerika Qushma Shtattary --- Amerika (Republic) --- Amerikai Egyesült Államok --- Amerikanʹ Veĭtʹsėndi︠a︡vks Shtattnė --- Amerikări Pĕrleshu̇llĕ Shtatsem --- Amerikas Forenede Stater --- Amerikayi Miatsʻyal Nahangner --- Ameriketako Estatu Batuak --- Amirika Carékat --- AQSh --- Ar. ha-B. --- Arhab --- Artsot ha-Berit --- Artzois Ha'bris --- Bí-kok --- Ē.P.A. --- EE.UU. --- Egyesült Államok --- ĒPA --- Estados Unidos --- Estados Unidos da América do Norte --- Estados Unidos de América --- Estaos Xuníos --- Estaos Xuníos d'América --- Estatos Unitos --- Estatos Unitos d'America --- Estats Units d'Amèrica --- Ètats-Unis d'Amèrica --- États-Unis d'Amérique --- Fareyniḳṭe Shṭaṭn --- Feriene Steaten --- Feriene Steaten fan Amearika --- Forente stater --- FS --- Hēnomenai Politeiai Amerikēs --- Hēnōmenes Politeies tēs Amerikēs --- Hiwsisayin Amerikayi Miatsʻeal Tērutʻiwnkʻ --- Istadus Unidus --- Jungtinės Amerikos valstybės --- Mei guo --- Mei-kuo --- Meiguo --- Mî-koet --- Miatsʻyal Nahangner --- Miguk --- Na Stàitean Aonaichte --- NSA --- S.U.A. --- SAD --- Saharat ʻAmērikā --- SASht --- Severo-Amerikanskie Shtaty --- Severo-Amerikanskie Soedinennye Shtaty --- Si︠e︡vero-Amerikanskīe Soedinennye Shtaty --- Sjedinjene Američke Države --- Soedinennye Shtaty Ameriki --- Soedinennye Shtaty Severnoĭ Ameriki --- Soedinennye Shtaty Si︠e︡vernoĭ Ameriki --- Spojené staty americké --- SShA --- Stadoù-Unanet Amerika --- Stáit Aontaithe Mheiriceá --- Stany Zjednoczone --- Stati Uniti --- Stati Uniti d'America --- Stâts Unîts --- Stâts Unîts di Americhe --- Steatyn Unnaneysit --- Steatyn Unnaneysit America --- SUA (Stati Uniti d'America) --- Sŭedineni amerikanski shtati --- Sŭedinenite shtati --- Tetã peteĩ reko Amérikagua --- U.S. --- U.S.A. --- United States of America --- Unol Daleithiau --- Unol Daleithiau America --- Unuiĝintaj Ŝtatoj de Ameriko --- US --- USA --- Usono --- Vaeinigte Staatn --- Vaeinigte Staatn vo Amerika --- Vereinigte Staaten --- Vereinigte Staaten von Amerika --- Verenigde State van Amerika --- Verenigde Staten --- VS --- VSA --- Wááshindoon Bikéyah Ałhidadiidzooígíí --- Wilāyāt al-Muttaḥidah --- Wilāyāt al-Muttaḥidah al-Amirīkīyah --- Wilāyāt al-Muttaḥidah al-Amrīkīyah --- Yhdysvallat --- Yunaeted Stet --- Yunaeted Stet blong Amerika --- ZDA --- Združene države Amerike --- Zʹi︠e︡dnani Derz︠h︡avy Ameryky --- Zjadnośone staty Ameriki --- Zluchanyi︠a︡ Shtaty Ameryki --- Zlucheni Derz︠h︡avy --- ZSA --- Η.Π.Α. --- Ηνωμένες Πολιτείες της Αμερικής --- Америка (Republic) --- Американь Вейтьсэндявкс Штаттнэ --- Америкӑри Пӗрлешӳллӗ Штатсем --- САЩ --- Съединените щати --- Злучаныя Штаты Амерыкі --- ولايات المتحدة --- ولايات المتّحدة الأمريكيّة --- ولايات المتحدة الامريكية --- 미국 --- Spojené obce severoamerické --- États-Unis --- É.-U. --- ÉU --- racial capitalism --- corporation --- Africa --- contract --- offshore --- liberalism