The political and economic dysfunction known as the “oil curse” is a complex, structural phenomenon, caused largely by poor management or investment of oil revenues by the governments of oil-producing countries.
All cases of acute corruption exemplify three traits: whole governments structured around the objective of maximizing corrupt profits, enormous sums of money, and clear victims of such abuse.
As the military campaign against the Islamic State stalls, it is time to turn to a civilian solution.
The nature of today’s global politics calls for democratic renewal—and this renewal must look beyond the standard practices of Western democracy.
In some countries, the government is not a government that may be failing. It’s a criminal organization that’s succeeding.
Is OPEC an endangered species condemned to disappear?
After a long period in which corruption garnered little public or political interest—it was considered an occasional blemish on a fundamentally sound system—corruption is becoming a topic of high-level interest.
Multinationals and Western governments should help Nigeria’s new president clean up the country’s oil sector and turn it into a model for its resource-rich neighbors to emulate.
Fed up with the venality that had spread through their society, Nigerians voted for discipline in last month’s election.
Although its initial focus will be Asia, the Asian Infrastructure Investment Bank may eventually broaden its scope to provide development assistance to countries in Africa as well.