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Understanding the Natural Resource (oil) curse

What is the resource curse? (Kaieteur News) – The resource curse (also known as the paradox of plenty), according to the Natural Resource Governance Institute (NRGI) refers to the failure of many resource-rich countries to benefit fully from their natural resource wealth, and for governments in these countries to respond effectively to public welfare needs. Citizens […] The post Understanding the Natural Resource (oil) curse appeared first on Kaieteur News.

By KNEWS

Published 2d ago1 min read

Understanding the Natural Resource (oil) curse
Image via Kaieteur News.

What is the resource curse? (Kaieteur News) – The resource curse (also known as the paradox of plenty), according to the Natural Resource Governance Institute (NRGI) refers to the failure of many resource-rich countries to benefit fully from their natural resource wealth, and for governments in these countries to respond effectively to public welfare needs. Citizens […] The post Understanding the Natural Resource (oil) curse appeared first on Kaieteur News .

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