1. International Energy Security: after the West and the East Scramble, What's Left for Africa.
- Author
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Tipchanta, Deekana
- Subjects
- *
ECONOMIC development , *ENERGY security , *FOREIGN investments , *INTERNATIONAL security , *INTERNATIONAL relations - Abstract
This paper explores foreign involvement in Africa as part of energy security. As the international players seek to secure the flow of oil at reasonable prices using sometimes approaches of stark contrast between the West and the East, we look at what is left from this game for Africa. The paper seeks to find out how international energy-related involvements impact the African states where internal institutions are too weak to manage abrupt changes that associate with the large oil sector such as political and fiscal reforms and the economic shocks. Africa is tremendously abundant in oil. Although Africa is just waking up as the new energy powerhouse, it has experienced intensive foreign engagement in other resources including slavery and raw materials long before the colonial era began. This paper argues that history of foreign exploitation for resources is accountable for Africa's failure to perform well despite its promising resource endowment but will remain so as long as Africa supplies resources for the world as crucial as oil. Liberal economists argue that resource industries bring foreign investments needed for states' economic development. Oil companies and foreign government resonate this argument as they claim to build infrastructure projects, provide aid and assist transparency and democratic progress in the places they operate. While external investors reap large commercial benefits, Africa has continued to suffer with wars, abject poverty and bad governance. This paper looks closely whether the approaches they use contribute to Africa's resource curse. It begins with brief discussion of the definition and causes of the resource curse existing in the literature. It then moves onto foreign involvements in Africa for oil security, the focus of this study, provided as part of the cause to the resource curse in the region. In this sector, it explains how Africa has stepped up as a strategic location for international energy, who involves in the African oil game and what approaches they employ by economic, political and military means. By this, the paper sheds light on the unaddressed relations between foreign resource extractions and the resource curse discussion. [ABSTRACT FROM AUTHOR]
- Published
- 2011