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  • September 2010
  • Case
  • HBS Case Collection

Angola and the Resource Curse

By: Aldo Musacchio, Eric D. Werker and Jonathan Schlefer
  • Format:Print
  • | Pages:24
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Abstract

Since emerging from decades of conflict in 2002, Angola has been growing at a scorching double-digit rate, led by its oil industry. But the nation remains beset with seemingly intractable problems: 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.

Keywords

Crime and Corruption; Developing Countries and Economies; Financial Crisis; Borrowing and Debt; Financial Institutions; Globalized Economies and Regions; Policy; Government Administration; Emerging Markets; Natural Environment; Angola

Citation

Musacchio, Aldo, Eric D. Werker, and Jonathan Schlefer. "Angola and the Resource Curse." Harvard Business School Case 711-016, September 2010.
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Related Work

    • October 2012
    • Faculty Research

    Angola and the Resource Curse (TN)

    By: Aldo Musacchio, Eric Werker and Ian Cornell
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  • Angola and the Resource Curse (TN) By: Aldo Musacchio, Eric Werker and Ian Cornell
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