Africa: How Do We Reverse the Resource Curse?

[Africa In Fact] Scholar Richard Auty first coined the phrase ‘resource curse’ in 1993 to illustrate the confounding nature of the relationship between natural resource abundance and under-development. Intuitively we expect that natural resources would provide the bedrock for development. To the contrary, empirical evidence suggests a strong correlation between natural resource wealth and poor development outcomes, at least since the early 1970s. For instance, where resource dependency – the proportion of a country’s resou

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