An incompetent government is more likely to fuck up their economy when it's based on an easy to extract resource, like oil or diamonds. When resources are easy

An incompetent government is more likely to fuck up their economy when it's based on an easy to extract resource, like oil or diamonds. When resources are easy to extract, you don't need to attract foreign capital investments (for example, by protecting property rights) and you don't need a highly skilled, well educated population to work the oil fields and mines. In other words, you can afford to turn into a dictatorship.