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The “paradox of plenty,” natural resources are both a gift and
a curse to emerging economies. Rather than providing a flourishing
economy, often the result of discovering an abundance of new
resources is quite the opposite. The story is repeated over and
over again throughout the world. Countries rich in natural
resources have fallen victim to poverty, unrest, and tyranny. In
the 1997 study of Jeffrey D. Sachs and Andrew M. Warner, the
writers suggest that rather than bolstering economic growth,
countries with substantial resources…

The “paradox of plenty,” natural resources are both a gift and
a curse to emerging economies. Rather than providing a flourishing
economy, often the result of discovering an abundance of new
resources is quite the opposite. The story is repeated over and
over again throughout the world. Countries rich in natural
resources have fallen victim to poverty, unrest, and tyranny. In
the 1997 study of Jeffrey D. Sachs and Andrew M. Warner, the
writers suggest that rather than bolstering economic growth,
countries with substantial resources…

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