Business and politics in a criminal state: the case of Equatorial Guinea |
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| Authors: | Wood Geoffrey |
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| Institution: | Geoffrey Wood is Professor, Middlesex University Business School, Middlesex University, London |
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| Abstract: | This article assesses the changing nature of the contemporarypolitical economy of Equatorial Guinea. It provides an overviewof the complex and dynamic web of elite rent-generation andexplores the extent to which the development of an oil industryhas contributed to a monoculture of accumulation. It is concludedthat, despite the oil windfall, other, ‘illicit’,modes of elite rent-generation persist and have even intensified. |
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