Tag: Resource Curse
August 11, 2021
Why Natural Resources Are a Curse on Developing Countries and How to Fix It
August 11, 2021
Natural resource revenues have also been linked to slow economic growth rates, inequality, and poverty. One culprit may be the so-called “Dutch disease,” whereby resource revenues raise a country’s exchange rate, hurting competitiveness in non-resource sectors.
Saudi Arabia & The Paradox of Plenty
September 25, 2018
This week, back in 1933, a team of American Geologists from Standard Oil Company in California arrived on the shore of a small, sparsely populated Middle Eastern country called Saudi Arabia. Today on the Indicator: what the team of geologists found and how it changed the economy of a country and the global economy for better … and for worse.
https://www.npr.org/sections/money/2018/09/24/651231709/saudi-arabia-the-paradox-of-plenty