Natural Resource Wealth and Conflict: How Wealth Can Make You Poor

The prevailing view around 1950s and 1960s was that resource endowments would lead countries to political and economic development and would cooperate for government effectiveness (e.g. increase of accountability, control of corruption and reduction in poverty). Around 1970s economists found this was not the case and rather resource wealth was leading countries to abnormal slow … Continue reading Natural Resource Wealth and Conflict: How Wealth Can Make You Poor