When one says that Russia suffers from a "resource curse," one means that

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The resource curse refers to the paradox that countries with an abundance of natural resources often have lower economic growth and worse development outcomes than countries with fewer natural resources. This is because the presence of natural resources can lead to a number of problems, including:* **Dutch disease:** This occurs when the exploitation of natural resources leads to an appreciation of the country's currency, making other sectors of the economy less competitive.* **Rent-seeking:** This occurs when individuals or groups seek to capture the economic rents associated with natural resources, often through corruption or other forms of rent-seeking behavior.* **Political instability:** Natural resources can be a source of conflict and instability, as different groups compete for control of these resources.In the case of Russia, the country's rich deposits of natural resources have made it difficult to untangle economic and political power. This is because the control of natural resources has given rise to a powerful oligarchy that has a vested interest in maintaining the status quo. As a result, Russia has been slow to diversify its economy and has remained heavily dependent on the export of natural resources.

When One Says That Russia Suffers from a "Resource Curse