Oiling the Urban Economy

Oiling the Urban Economy
Author :
Publisher : Routledge
Total Pages : 269
Release :
ISBN-10 : 9781317682752
ISBN-13 : 1317682750
Rating : 4/5 (52 Downloads)

Book Synopsis Oiling the Urban Economy by : Franklin Obeng-Odoom

Download or read book Oiling the Urban Economy written by Franklin Obeng-Odoom and published by Routledge. This book was released on 2014-06-13 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a critical analysis of the ‘resource curse’ doctrine and a review of the international evidence on oil and urban development to examine the role of oil on property development and rights in West Africa’s new oil metropolis - Sekondi-Takoradi, Ghana. It seeks answers to the following questions: In what ways did the city come into existence? What changes to property rights are oil prospecting, explorations, and production introducing in the 21st century? How do the effects vary across different social classes and spectrums? To what extent are local and national institutions able to shape, restrain, and constrain trans-national oil-related accumulation and its effects on property in land, property in housing (residential, leisure, and commercial), and property in labour? How do these processes connect with the entire urban system in Ghana? This book shows how institutions of varying degrees of power interact to govern land, housing, and labour in the city, and analyses how efficient, sustainable, and equitable the outcomes of these interactions are. It is a comprehensive account of the tensions and contradictions in the main sectors of the urban economy, society, and environment in the booming Oil City and will be of interest to urban economists, development economists, real estate economists, Africanists and urbanists.


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The world is currently consuming about 85 million barrels of oil a day, and about two-thirds as much natural gas equivalent, both derived from non-renewable nat