Emerging powers, state capitalism and the oil sector in Africa
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The global development landscape is rapidly changing with the acceleration of the economies of emerging countries and this has important implications for sub-Saharan Africa (SSA). Notably, these emerging partners share a broad comparative advantage in their outward engagement. They are able to access large pools of finance and capital reserves and they also uphold a version of the Developmental State Model that encourages a statist approach to business. This state capitalism is increasingly coming to the fore, particularly in the aftermath of the global financial crisis and the evident intellectual collapse of neoliberalism as a sustainable economic model.
Taylor , I C 2014 , ' Emerging powers, state capitalism and the oil sector in Africa ' , Review of African Political Economy , vol. 41 , no. 141 , pp. 341-357 . https://doi.org/10.1080/03056244.2013.864630
Review of African Political Economy
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