Oxford Policy Management published a new report explaining how low- and middle-income countries are becoming increasingly vulnerable to the “resource curse.”
The study charted the mineral dependence of nearly 100 countries since 1996 to assess their vulnerability to the resource curse, which it explains as “the paradoxical situation in which resource-rich countries suffer from stagnant growth or even economic contraction, as well as institutional problems such as corruption and weak public service delivery.” Read more here...
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