Poisoned Wells

Author: Nicholas Shaxson
Publisher: St. Martin's Press
ISBN: 0230610846
Release Date: 2007-03-20
Genre: Political Science

Each week the oil and gas fields of sub-Saharan Africa produce well over a billion dollars' worth of oil, an amount that far exceeds development aid to the entire African continent. Yet the rising tide of oil money is not promoting stability and development, but is instead causing violence, poverty, and stagnation. It is also generating vast corruption that reaches deep into American and European economies. In Poisoned Wells, Nicholas Shaxson exposes the root causes of this paradox of poverty from plenty, and explores the mechanisms by which oil causes grave instabilities and corruption around the globe. Shaxson is the only journalist who has had access to the key players in African oil, and is willing to make the connections between the problems of the developing world and the involvement of leading global corporations and governments.

Poisoned Wells

Author: Nicholas Shaxson
Publisher: Macmillan
ISBN: 9780230605329
Release Date: 2008-05-13
Genre: Business & Economics

Each week the oil and gas fields of sub-Saharan Africa produce well over a billion dollars' worth of oil, an amount that far exceeds development aid to the entire African continent. Yet the rising tide of oil money is not promoting stability and development, but is instead causing violence, poverty, and stagnation. It is also generating vast corruption that reaches deep into American and European economies. In Poisoned Wells, Nicholas Shaxson exposes the root causes of this paradox of poverty from plenty, and explores the mechanisms by which oil causes grave instabilities and corruption around the globe. Shaxson is the only journalist who has had access to the key players in African oil, and is willing to make the connections between the problems of the developing world and the involvement of leading global corporations and governments.

Untapped

Author: John Ghazvinian
Publisher: Houghton Mifflin Harcourt
ISBN: 0547546165
Release Date: 2008-04-14
Genre: Social Science

Although Africa has long been known to be rich in oil, extracting it hadn’t seemed worth the effort and risk until recently. But with the price of Middle Eastern crude oil skyrocketing and advancing technology making reserves easier to tap, the region has become the scene of a competition between major powers that recalls the nineteenth-century scramble for colonization there. But what does this giddy new oil boom mean—for America, for the world, for Africans themselves? John Ghazvinian traveled through twelve African countries—from Sudan to Congo to Angola—talking to warlords, industry executives, bandits, activists, priests, missionaries, oil-rig workers, scientists, and ordinary people whose lives have been transformed—not necessarily for the better—by the riches beneath their feet. The result is a high-octane narrative that reveals the challenges, obstacles, reasons for despair, and reasons for hope emerging from the world’s newest energy hot spot.

The Finance Curse

Author: Nicholas Shaxson
Publisher: Random House
ISBN: 9781473546936
Release Date: 2018-10-11
Genre: Business & Economics

Global finance is a system that works for the few and against the many. We need finance – but when finance grows too big it becomes a curse. The City of London is the single biggest drain on our resources; it sucks talent out of every sphere, it siphons wealth and hoovers up government time. Yet to be ‘competitive’, we’re told we must turn a blind eye to money-laundering and appease big business with tax cuts. We are told global finance is about wealth creation; the reality is wealth extraction. Tracing the curse back through economic history, Shaxson uncovers how we got to this point. He exposes offshore tax havens; the uncontrolled growth of monopolies; the myths around the Celtic Tiger and its low corporate tax rate; the bizarre industry of wealth management; the destructive horrors of private equity; and the sinister ‘Competitiveness Agenda’. Nicholas Shaxson revealed the dark heart of tax havens long before the Panama and Paradise Papers. Now he tells the explosive story of how finance established a stranglehold on society and points us towards a way out. This is a book that none of us can afford to ignore.

Treasure Islands

Author: Nicholas Shaxson
Publisher: Random House
ISBN: 9780099541721
Release Date: 2012
Genre: Political Science

WITH NEW AND UPDATED MATERIAL Billionaire Warren Buffet, currently the third wealthiest man in the world, paid the lowest rate of tax among his office staff, including his receptionist. In 2006 the world's three biggest banana companies did nearly £400 million worth of business in Britain but paid just £128,000 in tax between them. In January 2009, US law enforcement fined Lloyds TSB $350 million after it admitted secretly channelling Iranian and Sudanese money into the US banking system. Tax havens are the most important single reason why poor people and poor countries stay poor. They lie at the very heart of the global economy, with over half the world trade processed through them. They have been instrumental in nearly every major economic event, in every big financial scandal, and in every financial crisis since the 1970s, including the latest global economic downturn. In Treasure Islands, Nicholas Shaxson shows how this happened, and what this means for you.

China s Resource Diplomacy in Africa

Author: Marcus Power
Publisher: Palgrave Macmillan
ISBN: 9780230229129
Release Date: 2012-07-17
Genre: Business & Economics

China's enhanced role within the global economy has profound political implications across the world, but takes a particular form in Africa. Over the past few years China has given much aid and technical support to Africa and for the first time since the end of the Cold War African leaders have genuine choices about which aid donors and investors to work with. But does this translate into development for African countries? How do other donors react? What do 'ordinary' Africans make of it? And how does it impact on wider geopolitics? These pressing questions are addressed through a systematic theorization of the 'China-Africa' relationship. Using detailed case study material collected in Africa the authors paint a picture of gains for some states, but losses for others. Looking beyond the state they see an even more complex picture of evolving social relations between Chinese and Africans and a troubling ecological footprint.

This House Has Fallen

Author: Karl Maier
Publisher: Basic Books
ISBN: 9780786730612
Release Date: 2009-04-29
Genre: History

To understand Africa, one must understand Nigeria, and few Americans understand Nigeria better than Karl Maier. This House Has Fallen is a bracing and disturbing report on the state of Africa's most populous, potentially richest, and most dangerously dysfunctional nation.Each year, with depressing consistency, Nigeria is declared the most corrupt state in the entire world. Though Nigeria is a nation into which billions of dollars of oil money flow, its per capita income has fallen dramatically in the past two decades. Military coup follows military coup. A bellwether for Africa, it is a country of rising ethnic tensions and falling standards of living, very possibly on the verge of utter collapse -- a collapse that could dramatically overshadow even the massacres in Rwanda.A brilliant piece of reportage and travel writing, This House Has Fallenlooks into the Nigerian abyss and comes away with insight, profound conclusions, and even some hope. Updated with a new preface by the author.

Africa Crude Continent

Author: Duncan Clarke
Publisher: Profile Books
ISBN: 9781847654557
Release Date: 2010-07-23
Genre: Business & Economics

Based on thirty years in the global oil game, intimate knowledge of African history and direct experience of over forty countries, this comprehensive book shows that Africa's flaws are not the whole story, when it comes to the continent's history. A definitive yet original account of the rush for Africa's oil, this is also a guide to the hidden face of Africa. Duncan Clarke begins by placing African oil issues in their historical context before tackling the issues of power, nationalism and different parties' strategies for control that have led to today's oil scene. This book is the ultimate reference work on oil in Africa - which is vital to everyone's future around the world.

Oil and Politics in the Gulf of Guinea

Author: Ricardo Soares de Oliveira
Publisher: Oxford University Press, USA
ISBN: 0199326444
Release Date: 2007-11-22
Genre: Political Science

This book investigates the paradox at the heart of present-day Gulf of Guinea politics. The governance crisis festering throughout every one of the region's states ought to discourage outsiders from capital-intensive, long-term commercial involvement and cast doubts over the political survival of ruling cliques. However, the presence of large petroleum deposits radically changes this equation: the negative dynamics of state failure and widespread violence affect the general population but spare the oil nexus. The material and political resources made available by oil allow states to survive regardless of bad policies, facilitate their governing elites' material success regardless of reckless management, earn international allies regardless of erratic domestic conduct, and make companies want to invest regardless of risk. The recent oil boom only strengthens this paradoxical viability. Making possible what is arguably the largest inflow of resources into Africa in history, it is of a different order from the short-term viability afforded by the exploitation of other natural resources. Nonetheless, the partnership between insiders and outsiders that permits the extraction of oil is not conducive to positive long-term outcomes in institution-building or broad-based economic growth. Highly dependent on uninterrupted money flows and beset by various destabilising trends, the political economy of oil in the Gulf of Guinea is poised in a state of "permanent crisis." This study, based on extensive fieldwork, interviews and engagement with primary and secondary sources, is the first on the subject to take on the regional, as opposed to the country-specific, dimension. It has four key aims. The first is to bring out the extent to which oil has forged the interaction of the region with the world economy and how the ongoing expansion of the oil sector will deepen this pivotal role. Secondly, how this international relevance of petroleum has shaped postcolonial domestic politics and institutions. Thirdly, it examines the interests of different sets of empowered actors in the partnership between importers, producers and oil companies, their interplay, and the manner and contexts in which their goals diverge or converge. Finally, it analyses the sources of long-term sustainability of the political economy of oil in the Gulf of Guinea amidst seemingly unmanageable chaos.

On Global Order

Author: Andrew Hurrell
Publisher: Oxford University Press
ISBN: 9780199233106
Release Date: 2007-11-08
Genre: Political Science

A clear and wide-ranging introduction to the analysis of global political order. The book offers engaging answers to the key questions of contemporary world politics. A landmark study.

A Blaze of Autumn Sunshine

Author: Tony Benn
Publisher: Random House
ISBN: 9781446493892
Release Date: 2013-10-24
Genre: Biography & Autobiography

In this final volume of diaries, Tony Benn reflects on the compensations and the disadvantages of old age. With the support of a small circle of friends and his extended family, he continues his activities on behalf of social justice, peace and accountability in public life, to a background of political change and the international economic crisis. Following an illness in 2009 the diaries, kept for over sixty years, cease. Published here alongside these last diaries are Tony Benn’s highly personal insights into the challenges of old age and failing health, of widowhood,and of moving out of the family home after sixty years. Finally, we share in Tony Benn's hopes for the future based on his years of experience and his natural optimism.

Africa Crude Continent

Author: Duncan Clarke
Publisher: Profile Books
ISBN: 9781847654557
Release Date: 2010-07-23
Genre: Business & Economics

Based on thirty years in the global oil game, intimate knowledge of African history and direct experience of over forty countries, this comprehensive book shows that Africa's flaws are not the whole story, when it comes to the continent's history. A definitive yet original account of the rush for Africa's oil, this is also a guide to the hidden face of Africa. Duncan Clarke begins by placing African oil issues in their historical context before tackling the issues of power, nationalism and different parties' strategies for control that have led to today's oil scene. This book is the ultimate reference work on oil in Africa - which is vital to everyone's future around the world.

Energy Security

Author: Richard Youngs
Publisher: Routledge
ISBN: 9781134021185
Release Date: 2009-01-28
Genre: Political Science

The geopolitics of oil and gas have made a spectacular return to the international political agenda. The European Union (EU) has recognized the importance of incorporating energy security more systematically into foreign policy. It has committed itself to pursuing an energy security policy based on market interdependence, European unity and long-term governance improvements in producer states. In offering the first broad, global assessment of the foreign policy dimensions of EU energy security, this book considers how far these commitments have been implemented. Examining how the EU’s general approach to energy security has played out in the specific political contexts of different countries and regions, distinctive features of the book include: a thorough analysis of current EU strategies towards energy security, assessing the EU as an international actor a key focus on the governance structures of producer states including the Middle East; Russia, Central Asia and the Caspian, and Sub-Saharan Africa a major addition to debates surrounding markets and geopolitics, informing both international relations and international political economy This book will be of interest to students, scholars and policy makers in the fields of European/EU Politics, energy politics, foreign policy and International Relations.

Escaping the Resource Curse

Author: Macartan Humphreys
Publisher: Columbia University Press
ISBN: 9780231512107
Release Date: 2007-05-22
Genre: Business & Economics

The wealth derived from natural resources can have a tremendous impact on the economics and politics of producing countries. In the last quarter century, we have seen the surprising and sobering consequences of this wealth, producing what is now known as the "resource curse." Countries with large endowments of natural resources, such as oil and gas, often do worse than their poorer neighbors. Their resource wealth frequently leads to lower growth rates, greater volatility, more corruption, and, in extreme cases, devastating civil wars. In this volume, leading economists, lawyers, and political scientists address the fundamental channels generated by this wealth and examine the major decisions a country must make when faced with an abundance of a natural resource. They identify such problems as asymmetric bargaining power, limited access to information, the failure to engage in long-term planning, weak institutional structures, and missing mechanisms of accountability. They also provide a series of solutions, including recommendations for contracting with oil companies and allocating revenue; guidelines for negotiators; models for optimal auctions; and strategies to strengthen state-society linkages and public accountability. The contributors show that solutions to the resource curse do exist; yet, institutional innovations are necessary to align the incentives of key domestic and international actors, and this requires fundamental political changes and much greater levels of transparency than currently exist. It is becoming increasingly clear that past policies have not provided the benefits they promised. Escaping the Resource Curse lays out a path for radically improving the management of the world's natural resources.

The Geopolitics of Emotion

Author: Dominique Moisi
Publisher: Anchor
ISBN: 9780385525367
Release Date: 2009-05-05
Genre: Political Science

In the first book to investigate the far-reaching emotional impact of globalization, Dominique Moïsi shows how the geopolitics of today is characterized by a “clash of emotions.” The West, he argues, is dominated and divided by fear. For Muslims and Arabs, a culture of humiliation is quickly devolving into a culture of hatred. Asia, on the other hand, has been able to concentrate on building a better future, so it is creating a new culture of hope. Moïsi, a leading authority on international affairs, explains that in order to understand our changing world, we need to confront emotion. And as he makes his case, he deciphers the driving emotions behind our cultural differences, delineating a provocative and important new perspective on globalization. From the Trade Paperback edition.