Tags » Resource Curse

Sub-Sahara economies hit by fall in commodity prices.

Commodities have been the engine of growth for many sub-Saharan countries. Oil rich nations such as Nigeria, South Africa and Angola have accounted for over 50% of the region’s GDP whilst other resource-intensive countries such as Zambia, Ghana and Tanzania to a lesser extent. 436 more words

Growth

The importance of Geography

During class today, we learnt about the role geography plays in development and how it is a vastly divided topic in the field. Given the various different opinions and theories related to geography and development, I decided to explore a few notable theories in further detail to gain a better understanding about the debate surrounding the importance of geography in development. 487 more words

Development Theory & Practice

After oil what’s next for Saudi Arabia?

With oil prices being at historically low levels, oil exporting countries have been struggling to generate the revenue that was once apparent not so long ago. 639 more words

Growth

Is the Resource Curse a Myth?

Perhaps one of the most surprising and influential findings in development economics research is the so-called “resource curse”: the idea that a large natural resource endowment (and, consequently, a significant role for natural resource exports in the national economy) actually leads to slower economic growth, and lower per capita incomes (at least in the long term). 1,364 more words

Commentary

The resource curse comes to Mozambique

Hidden foreign aid to an incompetent and dishonest government is set to rob Mozambique of its gas treasure as no one can explain what happened to billions of dollars the country borrowed for a series of price-inflated, murky projects. 1,142 more words

Africa

"Die Gier regiert"

Süddeutsche Zeitung 27. Mai 2016.

Interview mit Robert Kappel

Ressourcenreiche Länder sind ärmer als solche, die über weniger Rohstoffe verfügen. Wie kann man das ändern? 12 more words