Governance Strategies to Remedy the Natural Resource Curse
The seemingly paradoxical outcome of resource-rich countries being development-poor is, in fact, quite predictable given that autocratic governments often rule resource-rich states. Addressing the resource curse requires changing the incentives facing political leaders so that they are rewarded for transparency and confront robust international legal penalties when they do not.
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Tags: autocracy, Corruption, Governance, Natural Resources, Transparency