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"Resource curse" is really a governance/culture curse. Norway does just fine with huge oil reserves, same with the UK, and the USA. Canada's and Australia's eco
by njarboe 8y ago
"Resource curse" is really a governance/culture curse. Norway does just fine with huge oil reserves, same with the UK, and the USA. Canada's and Australia's economies are largely based on resource extraction (and especially so 50 or 100 years ago) and I wouldn't say that those countries have a "resource curse" problem.
It is not the resource that is the problem. Plenty of non-resource countries are really screwed up also.