What is the "resource curse"?
A)Having very few natural resources in a country,which hinders development.
B)Not having oil reserves or sufficient coal deposits for industrialization.
C)Not investing sufficiently in education,so that economic growth is hurt by lack of skills in future adults.
D)Having lucrative natural resources,which can hurt a country's economic development.
E)Colonies being stripped of their valuable natural resources by colonial powers.

Question

Quizplus · Accepted Answer

The resource curse refers to the negative impact that having valuable natural resources can have on a country's economic development. This can include issues like corruption, dependence on a single industry, and unequal distribution of wealth. Countries with oil, mineral, or other resource wealth have sometimes struggled to diversify their economies and promote long-term growth.

What Is the "Resource Curse