State-led industrial development, structural transformation and elite-led plunder: Angola (2002–2013) as a developmental state
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Development Policy Review
Angola, developmental state, oil, industrialization, structural transformation, Africa
From 2002-2013, Angola engaged in large-scale state-led reconstruction and development alongside an elite-led appropriation and seizure of national assets. Until the oil price shock, Angola had been succeeding in promoting rapid economic growth and possibly even significant social development alongside a massive grab of wealth and power by local elites. Today, though an economic crisis has taken hold, frequent predictions of the country’s immanent collapse have yet to be fulfilled. This paper reviews the state’s development planning and expenditure with a focus on public investment and industrial development to determine to what extent Angola during this period might have been considered a developmental or petro-developmental state. It is argued that, while more significant than generally thought, petro-developmental outcomes were and are limited by the autocratic and neopatrimonial tendencies of the Angolan elite. Nevertheless, limited success with structural transformation may have lasting effects. Following its long civil war, the conditions existed for Angola to follow a new path of state-led development. However more difficult it may now be, structural transformation and economic diversification remain the only path to economic and social development.
Ovadia, Jesse Salah. (2017). State-led industrial development, structural transformation and elite-led plunder: Angola (2002–2013) as a developmental state. Development Policy Review, 36 (5), 587-606.
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