If you're looking for a good example of an oxymoron, or at the very least of a counterintuitive situation, nothing works better than the famed "resource curse." The idea that great natural wealth might in fact contribute to keeping a country poor has captured the public imagination precisely because it helps explain a phenomenon that is one of the great paradoxes of our time: Countries blessed with fabulous riches are often also cursed, perhaps inevitably, with grinding poverty.
But the phenomenon with the catchy title deserves a closer, critical look, because recent evidence suggests that the potion for breaking the devilish hex has already been found. ...
To read the rest, sign up to try World Politics Review
Sign up for two weeks of free access with your credit card. Cancel any time during the free trial and you will be charged nothing.
Request a free trial for your office or school. Everyone at a given site can get access through our institutional subscriptions.
- Strategic Horizons: Obama’s Islamic State Strategy Avoids Failure—but Also Success
- World Citizen: In New Rivalry, Great Powers Come Calling on India and Pakistan
- The Realist Prism: Crises in Ukraine, Mediterranean Put NATO Solidarity to the Test
- Global Insights: U.S. Seeks to Reassure Japan, South Korea on Asia Pivot
- Diplomatic Fallout: U.N. Serves as Perfect Alibi for Big Power Inaction in Unfixable Crises