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    Angola and the Resource Curse (Spanish version)

    Musacchio, Aldo ; Werker, Eric ; Schlefer, Jonathan

    • Reference: HBS-714S10

    • Year: 2000

    • Number of pages: 26

    • Geographic Setting: Angola;China

    • Publication Date: Sep 7, 2010

    • Fecha de edición: Sep 19, 2005

    • Source: HBSP (USA)

    • Type of Document: Case

    • Industry Setting: Newspaper publishing

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    Description

    immense inequality, low life expectancy, a non-diversified economy, and constant grumblings of corruption. The global financial crisis and subsequent fall in state oil revenue drives a loan-seeking Angola towards either the IMF, who demand extensive reforms, or the Chinese, who seek to take a direct stake in the nation's recovery. The case explores the dynamics of post-conflict recovery as well as the challenges associated with a reliance on oil wealth, including the resource curse and Dutch disease.

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    Keywords

    Developing countries Economic conditions International finance International Monetary Fund Natural resources