Read all posts for ‘Governance’

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. […]

Can a country have plenty of natural resources and yet fail to grow and develop? The resource curse paradox is more than a “worstcase scenario.” There is robust empirical evidence for a negative relationship between natural resource wealth and economic growth. [issuu layout=http%3A%2F%2Fskin.issuu.com%2Fv%2Flight%2Flayout.xml showflipbtn=true documentid=110509095345-14013963d43e452c9c0528f85a245299 docname=world_bank_from_curse_to_blessing username=FutureChallenges loadinginfotext=From%20Curse%20to%20Blessing.%20Natural%20Resources%20and%20Institutional%20Quality showhtmllink=true tag=botswana […]