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allafrica - 2 month ago

Nigeria: The Role and Impact of the Institutions Curse in Perpetuating the Resource Curse

[Africa In Fact] When oil, natural gas, or similar natural resources are discovered the expectation is that their exploitation will dramatically and materially benefit the population of the host country. Notwithstanding this, developing nations frequently experience either (or both) increased corruption (through predatory rent-seeking) or paradoxically slower economic growth after the resources are discovered. This anomaly is often described as the Resource Curse.


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