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Resource Curse - Tips
Resource curse
Quote: The resource curse or
paradox of plenty refers to the paradox that countries with an abundance of
natural resources tend to have less economic growth than countries without these
natural resources. This may happen for many different reasons, including a
decline in the competitiveness of other economic sectors (caused by appreciation
of the real exchange rate as resource revenues enter an economy); volatility of
revenues from the natural resource sector, and government mismanagement, or
political corruption, provoked by the inflows of easy windfalls from the
resource sector. Stop Quote
http://en.wikipedia.org/wiki/Resource_curse
Resource curse
