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http://ssrn.com/abstract=1900226
 
 

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Oil and Unbalanced Globalization


Michael L. Ross


University of California, Los Angeles (UCLA) - Department of Political Science

Erik Voeten


Georgetown University - Edmund A. Walsh School of Foreign Service (SFS)

March 28, 2013


Abstract:     
We demonstrate that oil wealth is associated with both high levels of economic and social integration and low levels of political integration – a condition we call “unbalanced globalization,” in contrast to more balanced globalization of other countries. We develop and examine three plausible explanations for it. First, oil wealth may retard democratization, which may in turn reduce political integration. Second, oil rich states are able to attract foreign investments and have access to world markets without tying their hands to institutions. Third, oil-rich states export an unusually narrow range of goods, which reduces domestic coalitions in favor of integration. Our evidence primarily points to the second and third mechanisms.

Number of Pages in PDF File: 45

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Date posted: August 25, 2011 ; Last revised: May 1, 2014

Suggested Citation

Ross, Michael L. and Voeten, Erik, Oil and Unbalanced Globalization (March 28, 2013). Available at SSRN: http://ssrn.com/abstract=1900226 or http://dx.doi.org/10.2139/ssrn.1900226

Contact Information

Michael L. Ross
University of California, Los Angeles (UCLA) - Department of Political Science ( email )
405 Hilgard Ave.
Los Angeles, CA 90095-1472
United States
Erik Voeten (Contact Author)
Georgetown University - Edmund A. Walsh School of Foreign Service (SFS) ( email )
Washington, DC 20057
United States
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References:  48
Citations:  1
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