Does Oil Hinder Democracy? The Rentier Effect and Its Implications
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Does Oil Hinder Democracy?
The Research of Michael Ross
In 2001, UCLA Professor Michael Ross explored the intriguing question: Does oil hinder the development of democracy? He observed that while most wealthy nations are democratic, oil-rich countries often are not. This raises the question: What is the relationship between oil wealth and democratic governance?
Beyond Arab Oil: A Global Perspective
While some might point to Arab oil-producing nations as examples, it's important to consider countries like Mexico and Norway, which are both oil-rich and democratic. This suggests that the issue is more nuanced than simply the presence of oil. Could the problem lie in a country's dependence on a single source of income, such as oil or diamonds?