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Are Rich Countries Immune to the Resource Curse? Evidence from Norway’s Management of Its Oil Riches
Growth studies show, counter to intuition, that the discovery of a natural resource may be a curse rather than a blessing since resource-rich countries grow slower than others. But it has been suggested that Norway may be an important exception to the curse and that the curse does not afflict […]
Read all posts for ‘economic growth’
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Natural Resource Abundance and Economic Growth
One of the surprising features of modern economic growth is that economies abundant in natural resources have tended to grow slower than economies without substantial natural resources. In this paper we show that economies with a high ratio of natural resource exports to GDP in 1970 (the base year) tended […]
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The Africa Competitiveness Report
The Africa Competitiveness Report (2011, World Economic Forum) highlights areas where they need an urgent policy action and investment to ensure that Africa sustains its economic recovery and quality of life continues to grow in the future. Read more
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Paul Collier: Curse of Natural Resources
Oxford Professor Paul Collier talks about the natural resource curse and makes suggestions on how to overcome it.
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Dilip Ratha on Migration
Dilip Ratha, Manager with the Migration and Remittances Unit of the World Bank, presents the newest evidence on the development impact of remittances in the post-crisis time. http://vimeo.com/16626088