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Economics

The Resource Curse and Its Effects on Political Regime Stability

Quick fact

Countries with abundant oil or mineral resources often have weaker democratic governance and higher instability, even when controlling for income levels: oil-rich autocracies tend to last longer, but their governments are more prone to sudden crises.

Why this is interesting

Why can oil and diamonds bring poverty and political turmoil to a country instead of prosperity? What is the hidden resource curse?