4 ms·
This is called the Resource Trap. https://www.investopedia.com/terms/r/resource-curse.asp https://www.investopedia.com/terms/r/resource-curse.asp
by NeuNeurosis 6y ago
This is called the Resource Trap.
https://www.investopedia.com/terms/r/resource-curse.asp https://www.investopedia.com/terms/r/resource-curse.asp
- stainforth 6y agoI don't see any mention of how in reality its because the profits are cordoned off by a select few. Consider the Alaska Permanent fund - Appalachia and its industry could provide for its poor, but it doesn't.
- the-dude 6y agoBeing Dutch, I am surprised the article doesn't mention the Dutch disease. https://en.wikipedia.org/wiki/Dutch_disease https://en.wikipedia.org/wiki/Dutch_disease
- deleted 6y ago[deleted]