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
- TWO WEEKS FREE.
- Cancel any time.
- After two weeks, just $18 monthly or $118/year.
Request a free trial for your office or school. Everyone at a given site can get access through our institutional subscriptions.
- In Need of Investment, Peru Rolls Back Environmental Standards
- Global Insights: Putin’s South American Trip Hides Russia’s Strategic Weaknesses
- Diplomatic Fallout: West Needs New Rules to Contain Proxy Wars With Russia
- Despite U.S. Efforts, Root Causes of Migration Crisis Prevail in Central America
- The Realist Prism: U.S. Watches From Sidelines as Global Leaders Gather in Brazil