Oil Wealth and the Poverty of Politics

By Miriam R. Lowi,

Book cover of Oil Wealth and the Poverty of Politics: Algeria Compared

Book description

How can we make sense of Algeria's post-colonial experience - the tragedy of unfulfilled expectations, the descent into violence, the resurgence of the state? Oil Wealth and the Poverty of Politics explains why Algeria's domestic political economy unravelled from the mid-1980s, and how the regime eventually managed to regain power…

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Why read it?

1 author picked Oil Wealth and the Poverty of Politics as one of their favorite books. Why do they recommend it?

In this book, Lowi examines why Algeria's domestic political economy disintegrated in the mid-1980s and how the regime eventually reclaimed power and hegemony. Miriam Lowi discusses the significance of leadership decisions for political outcomes and extends her theory to explain the diversity in stability among oil-exporting states in response to economic shocks. Comparing Algeria to Iran, Iraq, Indonesia, and Saudi Arabia, she inquires as to why certain regimes fail and endure regime change while others remain stable or are able to regain stability after a time of turmoil.

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