Tag: Resource Curse
Why Natural Resources Are a Curse on Developing Countries and How to Fix It
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
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