Bookcover of Securitizing Ghana’s Oil Against Africa’s Resource Curse
Booktitle:
Securitizing Ghana’s Oil Against Africa’s Resource Curse
A Legal and Institutional Decoupling of the Commercial State from the Regulatory State
LAP LAMBERT Academic Publishing
(2014-10-28
)
eligible for voucher
ISBN-13:
978-3-659-61733-1
ISBN-10:
3659617334
EAN:
9783659617331
Book language:
English
Blurb/Shorttext:
Sustainable development and total breakdown of the State are two possible outcomes either of which may characterise the exploitation and management of Africa's natural resources depending on framework conditions. Thus, well functioning legal and institutional frameworks for oil exploitation and oil revenue management is very necessary for the sustainable development of developing economies. However, dysfunctional legal and institutional systems are also to blame for many of Africa's resource curse and conflicts. To ensure a well functioning legal and institutional frameworks for the exploitation and management of Ghana's oil, this work argues for a legal and institutional separation of the State's commercial functions from the State's regulatory functions. Theoretically, State sovereignty over natural resources is juxtaposed with the doctrine of separation of powers to create a fourth institutional veto player in natural resource governance.