ALL ROADS LEAD TO JUBA: AN INQUIRY INTO THE ECONOMIC VIABILITY OF SOUTH SUDAN

NASULEA Christian, University of Bucharest, Romania

CRETU Beatrice Nicolle , University of Bucharest, Romania

MOROIANU Ramona Madalina, Academy of Economic Studies, Bucharest, Romania

Abstract:
When South Sudan proclaimed independence from Sudan in 2011, projections were optimistic in that the country’s considerable oil resources would secure its viability as the world’s newest state. Fast forward five years and South Sudan is grappling with a crippling civil war and facing a dire humanitarian crisis, situation which begs the question: from an economic perspective, is South Sudan a failed experiment in statehood? This paper attempts to tackle the question by analysing South Sudan’s main sources of revenue, its current structural deficiencies and the cost of war on its economic development.

Keywords: economic viability, oil, Sudan, South Sudan

JEL Classification: F51 International Conflicts, Negotiations, Sanctions

Volume: 68, Issue: 6

Pages: 104 - 117

Publication date: December, 2016

Download the article: http://economice.ulbsibiu.ro/revista.economica/archive/68609nasulea&cretu&moroianu.pdf

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