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Windfalls, wipeouts, and local economic development: A study of an emerging oil city in West Africa

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  • Franklin Obeng-Odoom

Abstract

Analysis of the political economy of oil tends to be under the rubric of ‘resource curse’ to the neglect of the broader problematique of the distribution of windfalls and wipeouts, the mediating role of institutions, and broader issues of local economic development. This article tries to fill this lacuna by focusing on the experiences of Sekondi-Takoradi, an oil city located in Ghana. Using the principles of eminent domain and decentralisation as analytical framework, it shows ‘who gets what’ in an oil city; demonstrates why different levels of compensation and betterment ought to be paid and received; and reveals the role and struggles of the local State in trying to ensure harmonious local economic development.

Suggested Citation

  • Franklin Obeng-Odoom, 2013. "Windfalls, wipeouts, and local economic development: A study of an emerging oil city in West Africa," Local Economy, London South Bank University, vol. 28(4), pages 429-443, June.
    • Handle: RePEc:sae:loceco:v:28:y:2013:i:4:p:429-443
    DOI: 10.1177/0269094213480911
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    References listed on IDEAS

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    1. Clemens Breisinger & Xinshen Diao & Rainer Schweickert & Manfred Wiebelt, 2010. "Managing Future Oil Revenues in Ghana: An Assessment of Alternative Allocation Options," African Development Review, African Development Bank, vol. 22(2), pages 303-315.
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    4. Daniel W. Bromley, 1997. "Constitutional Political Economy: Property Claims In A Dynamic World," Contemporary Economic Policy, Western Economic Association International, vol. 15(4), pages 43-54, October.
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