Many countries in Africa suffer from a resource curse, or the paradox of plenty, where despite the abundance of valuable natural resources, the countries experience lower economic growth than countries without resources. What are the economic and political reasons a resource curse might develop?

Question

Many countries in Africa suffer from a resource curse, or the paradox of plenty, where despite the abundance of valuable natural resources, the countries experience lower economic growth than countries without resources. What are the economic and political reasons a resource curse might develop? ​

Quizplus · Accepted Answer

The Answer of Many countries in Africa suffer from a resource curse, or the paradox of plenty, where despite the abundance of valuable natural resources, the countries experience lower economic growth than countries without resources. What are the economic and political reasons a resource curse might develop? ​

Many Countries in Africa Suffer from a Resource Curse, or the Paradox