🔬 Science
2d ago
The 'resource curse': Why natural resource abundance can be a double-edged sword
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Natural resources—such as fossil fuels, water, and minerals—are materials found in the environment that are essential for life and highly utilized in production. Though these resources are viewed as essential to economic development and wealth, many resource-rich countries have paradoxically struggled with limited economic growth and unstable political institutions. This phenomenon, known as the "resource curse," challenges the notion that resource abundance automatically translates into economi
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