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• W744913274 abstract "Franklin Obeng-Odoom Oiling the Urban Economy: Land, labour, Capital and the State in Sekondi-Tokoradi, Ghana. Routledge, Abingdon, 2013, 237 pp., $165. The discovery of commercial quantities of oil off the coast of Ghana in 2007 signalled the beginning of an oil boom. Indeed, the Ghanaian oil industry has come from a 5 barrel per day operation in 1896 to having proven reserves of 800 million barrels in the Jubilee field alone, with an estimated 3 billion barrels in total. If such claims ring true, these offshore sites are set to make Ghana the 7th largest producer of oil in Africa. The potential revenues associated with such endowments are a source of optimism for most. Others have been quick to echo the sentiments of Upton Sinclair, who, in his 1927 novel Oil!, described the fossil fuel as 'an evil Power which roams the earth, crippling the bodies of men and women, and luring the nations to destruction by visions of unearned wealth, and the opportunity to enslave and exploit labor'. Franklin Obeng-Odoom problematises the resource curse/blessing dichotomy by providing a considered and substantive analysis of the effects of oil production on Ghana's newest oil twin-city, Sekondi-Takoradi. His aims are as ambitious as they are novel; to both broaden the theoretical scope of the extant scholarship on managing resource endowments within developing economies whilst narrowing the analytical scope of the examination by focusing on the urban setting. Oiling the Urban Economy delivers in both respects. The book begins with an insightful critique of prevailing theories surrounding the 'resource curse' hypothesis in relation to the African experience of oil. The shortcomings of orthodox approaches to explaining political, economic and social issues emanating from oil production are aptly identified as 'teleological, if not theological' (p. 8). Specifically, the assertion that market-driven solutions must be implemented to rectify the failure of inherently corrupt or inept states is critically examined. In their place, Obeng-Odoom suggests the views of Henry George, David Harvey, Hossein Mahdavy and Chibuzo Nwoke are better placed to shed light on the Ghanaian context, specifically on the evolution of urban dynamics within Sekondi-Takoradi. This eclectic heterodox property rights approach seeks to address the lacunae within orthodox accounts that tend to 'naturalise' the detrimental effects of resource endowments within developing economies. Moreover, the emphasis upon understanding the dynamics of capital accumulation through class relations, specifically those between capital and landed property, helps us understand how the formerly 'socialist minded' urban authorities of the twin-city came to start chanting from the 'neoliberal hymn book' (pp. 12-13). This political shift is traced through a rich historical narrative that engages with pre-colonial West-African societies, the period under British tutelage and the march after independence in 1957 to the present. Sekondi's Fort Orange, built by the Dutch in 1644, stands as a solemn reminder that trade is a double-edged sword. What is currently the home of the Ports and Harbours Authority once housed slaves for transportation to the Americas. What now administers the rights to pump wealth from the sea was built on the suffering of countless thousands. The book goes on to detail how the twin-city developed from what a colonial correspondent described in 1943 as a 'small collection of dirty reed and thatch huts where the beach ended and the bush began' (p. …" @default.
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• W744913274 title "Franklin Obeng-Odoom: Oiling the Urban Economy: Land, Labour, Capital and the State in Sekondi-Tokoradi, Ghana" @default.
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