Abstract
At the advent of independence, Algeria faced a crisis of underdevelopment. As a result, the new state structure took the lead, particularly under the Boumediènne regime, in creating economic development, funded by oil revenues and based on the concept of ‘industries industrialisantes’. This dependence on oil rent adversely affected social and political development, such that, in the wake of the crash in oil prices in 1986, Algeria's political consensus broke down as a small elite with a vested interest in the status quo found itself isolated from the mass of the population. The situation has been made immeasurably worse by Algeria's foreign debt which demand an ever greater proportion of oil rent, despite IMF‐inspired economic reform and debt rescheduling.
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