The Paradox of Plenty: Oil Booms and Petro-States

Author:   Terry Lynn Karl
Publisher:   University of California Press
Volume:   26
ISBN:  

9780520207721


Pages:   380
Publication Date:   10 October 1997
Format:   Paperback
Availability:   Out of stock   Availability explained


Our Price $71.15 Quantity:  
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The Paradox of Plenty: Oil Booms and Petro-States


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Overview

"""The Paradox of Plenty"" explains why, in the midst of two massive oil booms in the 1970s, oil-exporting governments as different as Venezuela, Iran, Nigeria, Algeria, and Indonesia chose common development paths and suffered similarly disappointing outcomes. Meticulously documented and theoretically innovative, this book illuminates the manifold factors - economic, political, and social - that determine the nature of the oil state, from the coherence of public bureaucracies, to the degree of centralization, to patterns of policy-making. Karl contends that oil countries, while seemingly disparate, are characterized by similar social classes and patterns of collective action. In these countries, dependence on petroleum leads to disproportionate fiscal reliance on petrodollars and public spending, at the expense of statecraft. Oil booms, which create the illusion of prosperity and development, actually destabilize regimes by reinforcing oil-based interests and further weakening state capacity. Karl's incisive investigation unites structural and choice-based approaches by illuminating how decisions of policymakers are embedded in institutions interacting with domestic and international markets. This approach - which Karl dubs 'structured contingency' - uses a state's leading sector as the starting point for identifying a range of decision-making choices, and ends by examining the dynamics of the state itself."

Full Product Details

Author:   Terry Lynn Karl
Publisher:   University of California Press
Imprint:   University of California Press
Volume:   26
Dimensions:   Width: 15.20cm , Height: 2.50cm , Length: 22.90cm
Weight:   0.499kg
ISBN:  

9780520207721


ISBN 10:   0520207726
Pages:   380
Publication Date:   10 October 1997
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Out of Print
Availability:   Out of stock   Availability explained

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The Paradox of Plenty . . . deserves to be placed at the top of our reading lists and should become a staple in courses on political and economic development. -- MESA Bulletin


"""""The Paradox of Plenty . . . deserves to be placed at the top of our reading lists and should become a staple in courses on political and economic development.""--""MESA Bulletin"


Author Information

Terry Lynn Karl is Associate Professor of Political Science and Director of the Center for Latin American Studies at Stanford University.

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