Abstract
The neo-liberal consensus which characterized the political economy of oil and minerals since the late 1980s began disintegrating towards the end of the first decade of the 21st century (De Graaff, 2012; Gustafson, 2012; Dannreuther and Ostrowski, 2013). Subsequently, the politics of resources started uneven transitions towards a new form of arrangement labelled as state capitalism. This state capitalism is likely to impact on the rules of the game in relationships surrounding the access to resources which took shape during the neo-liberal period. However, the question arises: what will change and what will stay the same?
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsPreview
Unable to display preview. Download preview PDF.
Bibliography
Al Hassan, A., Papaioannou, M., Skancke, M. and Sung, C.C. 2013. Sovereign Wealth Funds: Aspects of Governance Structures and Investment Management. International Monetary Fund, WP/13/231.
Andrews-Speed, P. and Dannreuther, R. 2011. China, Oil and Global Politics. London: Routledge.
Auty, R. ed. 2001. Resource Abundance and Economic Development. Oxford: Oxford University Press.
Bamat, T. 1977. Relative State Autonomy and Capitalism in Brazil and Peru. The Insurgent Sociologist. 7(2), pp. 74–84.
Benner, T., Soares de Oliveira, R. and Kalinke, F. 2010. The Good/Bad Nexus in Global Energy Governance. In: Goldthau, A. and Witte, J.M. eds. Global Energy Governance: The New Rules of the Game. Washington, DC: Brookings Institution Press, pp. 287–315.
Bremmer, I. 2010. The End of the Free Market. Who Wins the War between States and Corporations? London: Portfolio.
Bunce, V. 2003. Rethinking Recent Democratization: Lessons from the Postcommunist Experience. World Politics. 55(2), pp. 167–192.
Buzan, B. and Lawson, G. 2014. Capitalism and the Emergent World Order. International Affairs. 90(1), pp. 71–91.
Callinicos, A. 2005. Iraq: Fulcrum of World Politics. Third World Quarterly. 26(4–5), pp. 593–608.
Carmel, D. 2009. AFRICOM’s Relationship to Oil, Terrorism, and China. Orbis. 53(1), pp. 122–136.
Carothers, T. 2002. The End of the Transition Paradigm. Journal of Democracy. 13(1), pp. 5–21.
Chaudhry, K.A. 1994. Economic Liberalization and the Lineages of the Rentier State. Comparative Politics. 27(1), pp. 1–25.
Cohen, B. 2009. Sovereign Wealthy Funds and National Security. The Great Tradeoff. International Affairs. 85(4), pp. 713–731.
Dannreuther, R. 2010. The Analytical Framework. POLINARES Working Paper. (2).
Dannreuther, R. 2011. China and Global Oil: Vulnerability and Opportunity. International Affairs. 87(6), pp. 1345–136.
Dannreuther, R. and Ostrowski, W. ed. 2013. Global Resources: Conflict and Cooperation. London: Palgrave Macmillan.
De Graaff, N. 2012. The Rise of National Oil Companies: Transformation of the Neo-Liberal Global Energy Order? In: Overbeek, H. and Van Apeldoorn, B. eds. Neoliberalism in Crisis. Basingstoke and New York: Palgrave.
Diamond, L. 2002. Thinking about Hybrid Regimes. Journal of Democracy. 12(2), pp. 21–35.
Dupuy, A. and Truchil, B. 1979. Problems in the Theory of State Capitalism. Theory and Society. 8(1), pp. 1–38.
Ebel, R. ed. 2003. Caspian Oil Windfalls: Who Will Benefit? Caspian Revenue Watch . Central Eurasia Project. http://www.opensocietyfoundations.org/sites/default/files/full_report_0.pdf [Accessed 3 October 2014].
Economist. 2011. Briefing: Brazil’s Oil Boom. 5 November.
Economist. 2012. Special Report: State Capitalism. 21 January.
Farsoun, K. 1975. State Capitalism in Algeria. Middle East Research and Information Project. Project, No. 35, pp. 3–30.
Fernandez, R. and Ocampo, J. 1975. The Andean Pact and State Capitalism in Columbia. Latin American Perspectives. 2(3), pp. 19–35.
Financial Times, 2008. Medvedev Urges Push to Invest in Foreign Companies. 1st February, p. 1.
Fioretos, O. 2011. Historical Institutionalism in International Relations. International Organization. 65(2), pp. 367–399.
Fukuyama, F. 1989. The End of History? The National Interest, Summer, p. 89.
Goldstein, A. 2009. New Multinationals from Emerging Asia: The Case of National Oil Companies. Asian Development Review. 26(2), pp. 26–56.
Goldthau, A. and Witte, J. 2009. Back to the Future or Forward to the Past? Strengthening Markets and Rules for Effective Global Energy Governance. International Affairs. 85(2), pp. 373–390.
Graulau, J. 2008. ‘Is Mining Good For Development’: The Intellectual History of an Unsettled Question. Progress in Development Studies. 8(2), pp. 129–162.
Gustafson, T. 2012. Wheel of Fortune: The Battle for Oil and Power in Russia. Cambridge: Belknap Press.
Hammergren, L.A. 1977. Corporatism in Latin American Politics. A Reexamination of the ‘Unique’ Tradition. Comparative Politics. 9(4), pp. 443–461.
Hanson, P. and Teague, E. 2005. Big Business and the State in Russia. Europe-Asia Studies. 57(5), pp. 657–680.
Hart, A. and Jones, B. 2010/2011. How Do Rising Powers Rise? Survival. 52(6), pp. 63–88.
Haass, R. 2008. The Age of Nonpolarity: What Will Follow US Dominance? Foreign Affairs. 87(3), pp. 44–56.
Hertog, S. 2006. The New Corporatism in Saudi Arabia: Limits of Formal Politics. In: Khalaf, A. and Luciani, G. eds. Constitutional Reform and Political Participation in the Gulf. Gulf Research Center, Dubai: UAE.
Humphreys, M., Sachs, J.D. and Stiglitz, J.E. eds. 2007. Escaping the Resource Curse. New York: Columbia University Press.
Huntington, S. 1991. The Third Wave. Democratization in the Late Twentieth Century. Norman and London: University of Oklahoma Press.
Innis, H. 1956. Essays in Canadian Economic History. Toronto: Toronto University Press.
King, S. 2010. Losing Control. The Emerging Threats to Western Prosperity. New Haven and London: Yale University Press.
Klare, M. and Volman, D. 2006. The African ‘oil rush’ and US National Security. Third World Quarterly. 27(4), pp. 609–628.
Kupchan, C. 2012. No One’s World: The West, the Rising Rest, and the Coming Global Turn. Oxford: Oxford University Press.
Lane, D. 2008. From Chaotic to State-Led Capitalism. New Political Economy. 13(2), pp. 177–184.
Luong, P.J. and Weinthal, E. 2010. Oil Is Not a Curse: Ownership Structure and Institutions in Soviet Successor States. Cambridge: Cambridge University Press.
Mackintosh, W. 1964. The Economic Background of Dominion-Provincial Relations. Toronto: McClelland and Stewart.
Malloy, J. 1977. Authoritarianism and Corporatism in Latin America: The Modal Pattern. In: Malloy, J. ed. Authoritarianism and Corporatism in Latin America? Pittsburgh: University of Pittsburgh Press.
McFaul, M. 2002. The Fourth Wave of Democracy and Dictatorship: Noncooperative Transition on the Post-Communist World. World Politics. 54(2), pp. 212–244.
McPherson, C. and MacSearraigh, S. 2007. Corruption in the Petroleum Sector. In: Edgardo Campos, J. and Pradhan, S. eds. The Many Faces of Corruption. Tracking Vulnerabilities at the Sector Level. Washington, DC: The World Bank.
O’Donnell, G. 1977. Corporatism and the Question of the State. In: Malloy, J. ed. Authoritarianism and Corporatism in Latin America? Pittsburgh: University of Pittsburgh Press.
Ostrowski, W. 2010. Comparative Politics of Energy and Minerals: Concepts, Debates and Gaps. POLINARES Working Paper. (9).
Ostrowski, W. 2011. Politics and Oil in Kazakhstan. London: Routledge.
Ottaway, M. 2003. Democracy Challenged: The Rise of Semi-Authoritarianism. Washington, DC: Carnegie.
Pearson, M. 1997. China’s New Business Elite. The Political Consequences of Economic Reforms. Berkeley: University of California Press.
Petras, J. 1977. State Capitalism and the Third World. Development and Change. 8(1), pp. 1–17.
Reno, W. 2011. Warfare in Independent Africa. Cambridge: Cambridge University Press.
Ross, M. 2006. A Closer Look at Oil, Diamonds, and Civil War. Annual Review of Political Science. 9, pp. 265–300.
Ross, M. 2012. The Oil Curse: How Petroleum Wealth Shapes the Development of Nations. Princeton: Princeton University Press.
Ross, M.L. 2004. What We Know About Natural Resources and Civil War. Journal of Peace Research. 41(3), pp. 337–356.
Rosser, A. 2006. The Political Economy of the Resource Curse: A Literature Survey. IDS Working Paper. (268).
Rothgeb, J. 1989. The Myths and Realities of Foreign Investment in Poor Countries: The Modern Leviathan in the Third World. New York: Praeger.
Rutland, P. 2008. Russia as an Energy Superpower. New Political Economy. 13(2), pp. 203–210.
Sachs, J. and Warner, A. 1995. Economic Convergence and Economic Policies. Harvard Institute of Economic Research Working Papers 1715. Harvard: Institute of Economic Research.
Schmitter, P.C. 1974. Still the Century of Corporatism? The Review of Politics. 36, pp. 85–131.
Shaxson, N. 2007. Poisoned Wells: The Dirty Politics of African Oil. London: Palgrave.
Shaxson, N. 2009. Nigeria’s Extractive Industries Transparency Initiative: Just a Glorious Audit? Chatham House Programme Paper, November.
Silverstein, K. 2009. Invisible Hands: The Secret World of the Oil Fixer. Harpers Magazine.
Smith, D.N. and Wells, Jr.L.T. 1975. Negotiating Third-World Mineral Agreements: Promises as Prologue. Cambridge: Ballinger Publishing Company.
Soares de Oliveira, R. 2007. Oil and Politics in the Gulf of Guinea. New York: Columbia University Press.
Stevens, P. 2003. Resource Impact: Curse or Blessing? A Literature Survey. Journal of Energy Literature. 9(1), pp. 3–42.
Stevens, P. 2008. National Oil Companies and International Oil Companies in the Middle East: Under the Shadow of Government and the Resource Nationalism Cycle. Journal of World Energy Law & Business. 1(1), pp. 5–30.
Stokes, D. and Raphael, S. 2010. Global Energy Security and American Hegemony. Baltimore: The Johns Hopkins University Press.
Straus, S. 2012. Wars Do End! Changing Patterns of Violence in Sub-Saharan Africa. African Affairs. 111(443), pp. 179–201.
Unger, J. and Chan, A. 1995. China, Corporatism, and the East Asian Model. The Australian Journal of Chinese Affairs. 33, pp. 29–53.
Vernon, R. 1971. Sovereignty at Bay: The Multinational Spread of US Enterprises. New York: Basic Books.
Vivoda, V. 2009. Resource Nationalism, Bargaining and International Oil Companies: Challenges and Change in the New Millennium. New Political Economy. 14(4), pp. 517–534.
Walker, R.A. 2001. California’s Golden Road to Riches: Natural Resources and Regional Capitalism. Annals of the Association of American Geographers. 91, pp. 167–199.
Zakaria, F. 2008. The Post-American World. New York: Norton.
Zhang, B. 1994. Corporatism, Totalitarianism, and Transitions to Democracy. Comparative Political Studies. 27(1), pp. 108–136.
Editor information
Editors and Affiliations
Copyright information
© 2015 Wojciech Ostrowski
About this chapter
Cite this chapter
Ostrowski, W. (2015). State Capitalism and the Politics of Resources. In: Belyi, A.V., Talus, K. (eds) States and Markets in Hydrocarbon Sectors. International Political Economy Series. Palgrave Macmillan, London. https://doi.org/10.1057/9781137434074_5
Download citation
DOI: https://doi.org/10.1057/9781137434074_5
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-49286-2
Online ISBN: 978-1-137-43407-4
eBook Packages: Palgrave Intern. Relations & Development CollectionPolitical Science and International Studies (R0)