The Paradox of Plenty: Why Nations Rich in Natural Resources Often End Up Poor in Prosperity, Democracy, and Stability
By Atwemereireho Alex In the annals of political economy, few phenomena are as paradoxical, enduring, and intellectually unsettling as the resource curse, also known as the paradox of plenty, the empirically demonstrable reality that countries endowed with abundant natural resources frequently record worse outcomes in economic growth, human development, democratic governance, and political stability than…