By Paul Friesen A number of authoritarian regimes around the world are heavily dependent on oil revenues and institutional corruption to remain in power. However, two seemingly unconnected U.S. trends: the rise of “fracking” and the Dodd-Frank Wall Street reforms may in fact play a substantial role in creating new opportunities for political reform and sustainable economic development in these countries over the next few years. The problem with oil is the money that non-democratic governments receive from selling drilling rights to oil companies. In countries without strong oversight mechanisms and institutions capable of keeping rulers and their inner …read more
Source: The Huffington Post
