The political economy of market liberalization policies in Indonesia's oil sector

2009 ◽  
Author(s):  
Pri Agung Rakhmanto
Author(s):  
Bibi-Farouk Farouk ◽  
◽  
Ogbu Collins ◽  
Ofiwe Michael ◽  

The economy of Nigeria today runs and survives on oil revenues. Certainly, any crisis in the oil sector, particularly the most commonly experienced i.e. fuel crisis is consequently a crisis of the Nigerian economy. Therefore, a study on the political economy of fuel crisis is integral and significant to the political economy development of Nigeria. The central objective of this study was to examine how manipulation of a few and their quest to control and organise the factors of production and the economy has resulted in the pervasive fuel crises situation and the bearing this has on the economy of Nigeria and on Nigerians. The Elite Theory was employed as a framework of analysis. The primary and secondary methods of data collection were used. Using tables and the Chi square formula, data were presented and hypotheses tested. The research found out that the activities of the elites and oil cabal contribute to the fuel crisis situation and this has resulted in economic hardship in the FCT. It was recommended that federal government must revisit and regulate the processes of issuing licenses to actors in the oil sector and legalise, encourage, standardise modular refineries in Nigeria.


2008 ◽  
Vol 16 (4) ◽  
pp. 67-109 ◽  
Author(s):  
Jeffery Webber

This article presents a broad analysis of the political economy and dynamics of social change during the first year (January 2006–January 2007) of the Evo Morales government in Bolivia. It situates this analysis in the wider historical context of left-indigenous insurrection between 2000 and 2005, the changing character of contemporary capitalism imperialism, and the resurgence of anti-neoliberalism and anti-imperialism elsewhere in Latin America. It considers at a general level the overarching dilemmas of revolution and reform. Part III examines the complexities of the politics of indigenous liberation and the political economy of the Movimiento al Socialismo (Movement Towards Socialism, MAS) government between January 2006 and January 2007. It pays special attention to the limits of reform in the hydrocarbons (natural gas and oil) sector. Also explained in Part III is the formation of an autonomist right-wing movement in the eastern lowlands, and how the new Right has intervened in the process of the Constituent Assembly. The article shows how the actual Constituent Assembly set into motion by the Morales administration in 2006 differs in fundamental terms from the revolutionary assembly envisioned by leading left-indigenous forces during the cycle of revolt in the first five years of this century.


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