The resource curse is:
A) the curse that countries that have an abundance of resources tend to have lower economic growth compared to countries with fewer natural resources.
B) the curse that countries that have fewer resources tend to have lower economic growth compared to countries with abundant natural resources.
C) the curse of many developing countries-they have few natural resources and their economies cannot grow.
D) an economic theory that has yet to be developed because there are no examples in the real world.

Question

Quizplus · Accepted Answer

The resource curse refers to the paradox where countries with abundant natural resources often experience less economic growth and worse development outcomes than countries with fewer natural resources, due to factors like corruption, conflict, and poor governance.

The Resource Curse Is