Suchergebnisse

"While Nigeria benefited from the sharp rise in international oil prices at the beginning of the twenty-first century in terms of economic growth, economic stabilisation and diversification as wen as an improvement in living conditions all failed to materialise. This paper finds that instead of investing resource revenues in economic diversification and social development, a small elfte consisting of politicians and business leaders has simply seized the country's oil rents. Ten years after a democratic transition, the political sphere is still shaped by the elite's rent-seeking behaviour and a neopatrimonial state which distributes oil rents in exchange for political support and favours. Conflicts over resources are carried out an a regional level, triggered by ethnic diversity and consequences of environmental damages that frequently spark violence, particularly in the oil-rich Niger Delta. Internationally, Nigeria maintains stable relations with Western countries and has developed dose ties with China, India, and South Korea. Within the region, Nigeria has assumed an active role through its engagement in peace-building missions led by the UN and the African Union. However, without responsible political and economic managers to carry out reforms, Nigeria's prospects for sustainable development and peace are far from promising." (publisher's description)