29 lines
800 B
Markdown
29 lines
800 B
Markdown
The **resource curse**, also known as the **paradox of plenty**, refers
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to the paradox that countries with an abundance of natural resources
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(such as fossil fuels and certain minerals), tend to have less economic
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growth, less democracy, and worse development outcomes than countries
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with fewer natural resources. There are many theories and much academic
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debate about the reasons for, and exceptions to, these adverse outcomes
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## Evidence
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## Theories
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## Exceptions
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### Australia
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### Botswana
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### Canada
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### Libya
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### Norway
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### Trinidad and Tobago
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Oil and gas account for about 40% of GDP and 80% of exports in the
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country yet compared to the rest of the Caribbean it quite stable,
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having never suffered a dictatorship (unlike [Cuba](Cuba "wikilink"),
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Haiti, Dominican Republic and Grenada) |