The endowment of natural resources has often been associated with disappointing economic development. This phenomenon is referred to in the literature as the "resource curse," which hypothesizes that economies experiencing resource booms, either through price increases or new discoveries, will experience unsustainable growth rates. There are various mechanisms through which a resource-boom can negatively impact on an economy. For instance, it can...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2001/10/31
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Рабочий документ департамента
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24753
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1
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1
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2010/07/01
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Disclosed
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Beating the resource curse : the case of Botswana
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Resource Curse