TIL of the Resource Curse in which certain types of resource-rich countries tend to be antidemocratic have less economic growth and worse development outcomes than countries without significant natural resources.
The vast majority of the wealth in Africa is contained in just a handful of countries (although there are 53 countries in Africa), which explains what looks like a death grip on the world's poorest countries in the sub-Sahara. Those poorer countries have been experiencing economic growth in recent years as the wealthy world throws money at their natural resources. But the mix of resource-richness and corruption makes for what some call a "resource curse" that can make inequality
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Oil reserves and ratios of oil revenues to tax revenues for current and future exporters in Sub-Saharan Africa. via Petroleum to the People
In this getAbstract summary, you will learn: Why most resource development projects in developing countries fail,; How to avoid the “natural resource curse” and What participants can do to make extraction projects work.
Ramses Morales Izquierdo African Resources Many countries in Africa are rich in natural resources, but their people remain mired in poverty as corrupt governments and multinational companies take the profit.
Ghana Bedeviled With Resource Curse Symptoms – PPP Aspiring MP