Oil, Referendum and the Economic Impacts of Southern Sudan Secession

13 Pages Posted: 3 Aug 2011 Last revised: 13 Aug 2011

See all articles by Issam A.W. Mohamed

Issam A.W. Mohamed

Al-Neelain University - Department of Economics

Abdelaziz Marhoum

affiliation not provided to SSRN

Date Written: August 2, 2011

Abstract

The secession of the South was officially proclaimed on Monday 7 February 2011. That marked the beginning of a new era in the history of the Sudan. However, that was not passively or heedlessly received by the Sudanese, as has been wrongly promulgated by some mass media. The mass of the Sudanese thinkers and intellectuals expressed agony, shock or disenchantment with this outcome in the many symposiums and forums organized by Research Centrs. That does not controvert or dis-affirm the fact that few Northern Sudanese politicians expressed happiness and optimism. That is conflicting with the former mass and reveals different sentiments and also estimations of the post-impact and effects on the former one-country. There were multiple relationships and undeniable dependence on oil revenues, both in the North and the South. The sudden deprivation from oil that represented 75% of the GDP, over 95% of foreign currencies revenues are just part of the shock. Thus, it is necessary to go through some earlier overtones of secession that may help illuminate the prospective course of North-South relations and hence the possibility of establishing a strong economic complementary partnerships apart from that of transporting the oil of the south through the pipeline which passes through the North to Bashayir Seaport.

Keywords: Oil, Referendum, Secession, Economic Crisis, Eminent Economic Collapse

JEL Classification: A00, A1, A10, B22

Suggested Citation

Mohamed, Issam A.W. and Marhoum, Abdelaziz, Oil, Referendum and the Economic Impacts of Southern Sudan Secession (August 2, 2011). Available at SSRN: https://ssrn.com/abstract=1903874 or http://dx.doi.org/10.2139/ssrn.1903874

Issam A.W. Mohamed (Contact Author)

Al-Neelain University - Department of Economics ( email )

P.O. Box 12910-11111
Khartoum, Khartoum 11111
Sudan
249122548254 (Phone)

HOME PAGE: http://works.bepress.com/issamawmohamed/

Abdelaziz Marhoum

affiliation not provided to SSRN

Register to save articles to
your library

Register

Paper statistics

Downloads
136
rank
205,933
Abstract Views
918
PlumX Metrics