Home » Oil Wealth and the Poverty of Politics: Algeria Compared by Miriam R. Lowi
Oil Wealth and the Poverty of Politics: Algeria Compared Miriam R. Lowi

Oil Wealth and the Poverty of Politics: Algeria Compared

Miriam R. Lowi

Published January 1st 2010
ISBN : 9780521113182
Hardcover
228 pages
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 About the Book 

How can we make sense of Algerias 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 Algerias domestic political economyMoreHow can we make sense of Algerias 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 Algerias domestic political economy unravelled from the mid-1980s, and how the regime eventually managed to regain power and hegemony. Miriam Lowi argues the importance of leadership decisions for political outcomes, and extends the argument to explain the variation in stability in oil-exporting states following economic shocks. Comparing Algeria with Iran, Iraq, Indonesia and Saudi Arabia, she asks why some states break down and undergo regime change, while others remain stable, or manage to re-stabilise after a period of instability. In contrast with exclusively structuralist accounts of the rentier state, this book demonstrates, in a fascinating and accessible study, that political stability is a function of the way in which structure and agency combine.