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Why The "Resource Curse" Is So Consistent
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Why The "Resource Curse" Is So Consistent
Natural riches ought to be a blessing. Oil, gas, minerals, and water can finance schools, roads, and industry. Yet many countries blessed with such bounty have grown slowly and governed badly. Economists call this paradox the “resource curse”: the awkward fact that abundance often coincides with stagnation. A new study led by Princeton University examines...
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