Tags » Resource Curse

It’s the Plan, Not the Man: Recession in Trinidad & Tobago. | by Zophia Edwards

Central Bank governors come and go, but one major structural weakness in the T&T economy has remained unchanged; and this is that Trinidad and Tobago continues to depend on oil and gas.”
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Guest Writers

The Bottom Billion - Paul Collier - A Summary

Global poverty has been falling for decades, but a few countries which are caught in four distinct traps (such as the resource curse) are falling behind and falling apart. 893 more words

Theories Of Development

“Charitable Giving” -- A Way Around the FCPA? Part I

The facts below were alleged in a recent case involving Hyperdynamics Corporation, an American firm whose sole asset is an oil concession in Guinea:

* In 2005 the Secretary General of Guinea told the company that “further review” of its concession was necessary.  889 more words

Commentary

Pining for the Fjords or higher oil prices?

Although Norway is a capitalist country, it is state-owned enterprises that seem to be most prevalent in business circles. Oil revenues have been at the forefront of Norway’s development and it is, behind Luxembourg, the richest country in Europe. 343 more words

Growth

Nauru: When Development Goes Wrong  

Imagine an island lost in the middle of an Ocean where people have lived in peace and harmony with the local nature and wildlife for centuries. 1,354 more words

Colonialism

Nigerian Population Growth

While this projection is based on linear growth rates it is still relatively in line with what U.N. reports have suggested. Nigeria is an interesting case, initially the country was seen as the classic case of resource curse, but increasingly it is able to translate its resources into sustained growth and some alleviation of poverty. 44 more words

Growth

Don't Blame the Abundance of Oil! The Volatility in Oil Revenues Combined With Poor Governmental Responses to these Volatilities Drives the Resource Curse

This blog is written by Kamiar Mohaddes, Senior Lecturer and Fellow in Economics at Girton College, University of Cambridge, UK.

According to the resource curse paradox, abundance of oil (natural gas, minerals and other non-renewable resources) is believed to be an important determinant of economic failure. 690 more words

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