Navigating the Natural Resource Curse

...commodity.” Ghana’s reaction no doubt surprised oil-starved observers in developed countries, but the Ghanaian officials were referring to the “resource curse” that has wreaked havoc in other resource-rich, developing countries....

Is the "Natural Resource Curse" Not Quite True?

Photo: John Foxx Accepted wisdom generally holds that the presence of natural resources in a developing country is bad news, a so-called “natural resource curse.” This view began to emerge...

Does Anyone Really Know What Socialism Is? (Ep. 408)

...which was chronic mismanagement of a one-resource economy? There is a famous concept in economics, called the “resource curse.” That’s when a country seemingly blessed with valuable natural resources ultimately...

Does Anyone Really Know What Socialism Is? (Ep. 408 Rebroadcast)

...just a late-stage attempt to recover from the underlying problem — which was chronic mismanagement of a one-resource economy? There is a famous concept in economics, called the “resource curse.”...

How Can Tiny Norway Afford to Buy So Many Teslas? (Ep. 182)

...the non-oil economy. “Dutch Disease” is, as Acemoglu tells us, just one facet of what is more broadly known as “the natural-resource curse”: ACEMOGLU: What the abundance of natural resources...

Can the SEC Cut Down on Foreign Corruption?

Resource-rich developing countries have long struggled to overcome the “resource curse,” which includes a strong streak of corruption, but now they’re getting a little help from the SEC. Here‘s Jeff...