Engerman and Solokoff (1997) posited that if a country had an abundance of commodities, this could lead to the existence of:

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Engerman and Solokoff (1997) argue that an abundance of commodities can lead to the existence of extractive states that protect the power of elites. This is because the presence of valuable resources such as oil or minerals can enable the ruling elite to extract rents from these resources instead of building institutions that promote economic growth and development. This can lead to a situation in which the government becomes extractive and corrupt, benefiting a small group of elites at the expense of the rest of the country.

Engerman and Solokoff (1997) Posited That If a Country Had