International economics and international environmental studies have been recently preoccupied with the resource curse theory. This theory is based on data indicating that countries endowed with ...

Jason Fernando is a professional investor and writer who enjoys tackling and communicating complex business and financial problems. Gordon Scott has been an active investor and technical analyst or ...

What does resource wealth, including oil, gas, and nonfuel minerals, mean for a country? Because minerals are crucial for meeting the soaring global demand for energy and industrial inputs, it has ...

The Resource Curse describes the phenomenon of how, when a poor country discovers vast natural wealth, economists around the world cry, “Aw, hell!” Such a moment arrived on June 14 following a New ...

Countries with abundant natural resources – gold, diamonds, crude oil – often fail to transform that advantage into favourable development outcomes. This is known as the natural resource curse.

If Saudi Arabia is acting a bit unhinged of late, it’s easy to see why: the Kingdom has all the troubles of Ayyub, as Job is known in the Qur’an. Its economy is in recession due to a 50 percent drop ...

The term “resource curse” refers to the observation that countries with abundant natural resources also tend to be less economically developed than those with scarcer resources. The term “resource ...

Google “oil” and “curse” and you get about 25 million hits, which is pretty good considering “michael lynch petroleum idiot” only gets a quarter of a million. (To which my daughter once said, “Dad, if ...

As you fly into Doha and cast your eyes over the gleaming towers of West Bay or the striking new facilities emerging on a daily basis both in central Doha and Education City, it can appear incredulous ...

The paradox that countries which have an abundance of non-renewable natural resources such as oil, minerals or precious metals are often worse off than those with few resources. This is commonly due ...