POLI 3424 Lecture Notes - Lecture 17: Autocracy, Good Governance, Gender Inequality
11 Nov 2020
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Document Summary
Oil wealth elite support, strong security forces stability, (autocratic) regime durability. Not automatic that you are going to spend your oil wealth on buying elite support or strong military forces. Good governance - low corruption, effective (able to implement scientifically-based policies) Transparency - should know where spending is going. If we have good policies, we are going to get this. The problem with a heavy concentration of natural resources is that everything is focused on that industry. If that industry is vulnerable at all, the whole government is also vulnerable. Took them a while to figure out how to manage oil. At first, any sector that was related to oil was booming. Drew everyone away from other industries and to the oil sector. Too much money going into the economy from oil. Decided that they had to limit the amount of money coming in from oil.
