Resource Curse Theory Courses
The Resource Curse Theory explores how possession of natural resources can lead to civil war, dictatorship, and economic fluctuation. This theory asserts that countries and regions with a high abundance of natural resources tend to fare worse economically than those that do not, particularly when institutions to monitor it are weaker. One of the most common explanations for this phenomenon is the “Dutch Disease”, which occurs when a country has a large pool of natural resources, usually in the form of gas, oil, or minerals, which drives up the exchange rate of the currency and undermines other economic sectors. This leads to a distorted economy where capital investment is largely focused on natural resources, while other sectors such as manufacturing and agriculture fall by the wayside. The Resource Curse Theory also refers to a specific type of corruption that happens when these resources are mismanaged. This can manifest in the form of bribery, kickbacks, embezzlement, or bribery in exchange for access to resources. This kind of corruption can result in weaker government oversight and a population of people who are more vulnerable to exploitation. In addition, the theory suggests that the development of a conflict, often due to underlying ethnic grievances, can exacerbate the already challenging economic and political situation in resource-rich countries. The conflict often draws upon resources in the form of weapons and other supplies, displacing people and causing volatility in international markets. The Resource Curse Theory has important implications for policy makers. For instance, as oil prices rise, governments must take special measures to ensure that the wealth is not concentrated solely in the hands of the elite and that the benefits are spread more widely to benefit all citizens. Policies should also be in place to minimize the risk of corruption and conflict.
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ADVANCED COURSE | NATURAL RESOURCE GOVERNANCE INSTITUTE
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THE ‘RESOURCE CURSE’: THEORY AND EVIDENCE (ARI)
Web Dec 15, 2010 The big idea behind the ‘resource curse’ is that mineral and fuel abundance in less developed countries (LDCs) tends to generate negative developmental outcomes, … ...
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Get CodeWHAT IS THE RESOURCE CURSE? — ECONOMY
Web The 'resource curse' or 'Dutch disease' tries to explain why countries that are richer in natural resources are poorer, have less economic growth and are less democratic.¹ Its a … ...
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Web the main versions of the ‘resource curse’. It focuses on the extent to which mineral abundance affects economic performance.2 It suggests some of the reasons why much … ...
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Web Sep 29, 2022 The term resource curse refers to a paradoxical situation in which a country underperforms economically, despite being home to valuable natural resources . A resource curse is generally... ...
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THE RESOURCE CURSE: THEORY AND EVIDENCE FROM THE DRC
Web May 13, 2021 The resource curse, which is also known as the paradox of plenty, is the phenomenon whereby economies that are well endowed with natural resources experience less favourable development outcomes … ...
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Web The term resource curse represents an economic phenomenon associated with the abundance of natural resources in certain countries. The term summarizes a paradox … ...
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Web 10 REVERSING THE RESOURCE CURSE: THEORY AND PRACTICE AN SPP–RWI–NRC COURSE 11 Phase 1: 9–15 December 2012 Interested individuals should submit the … ...
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RESOURCE CURSE - AUTY - MAJOR REFERENCE WORKS - WILEY ONLINE …
Web Mar 6, 2017 The resource curse, whereby resource-rich economies do not thrive, is more complex than initially thought. First, the curse has not only economic causes but also … ...
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Web Sep 8, 2021 The resource curse, also known as the paradox of plenty or the poverty paradox, is the phenomenon of countries with an abundance of natural resources (such … ...
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LEARN GAME DEVELOPMENT W/ UNITY | COURSES & TUTORIALS IN GAME …
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Get CodeRESOURCE CURSE - AN OVERVIEW | SCIENCEDIRECT TOPICS
Web This is an example of the resource curse, where capital-intensive mining companies, whose primary objective is exporting, have little or no obligation to the local community.g … ...
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Get Code4 BEST PROFESSIONAL ENGINEERING (PE) COURSES [12 REVIEWS]
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