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Economics

The Resource Curse and Its Impact on Democratic Institutions

Quick fact

Countries that are rich in oil and minerals are about 50% more likely to be authoritarian than their resource-poor counterparts, and the paradox is known as the 'resource curse'.

Why this is interesting

Imagine a country that has everything—vast oil fields, diamonds, gold—yet its citizens remain poor and its politics unstable. Why do many resource-rich nations stumble on the path to democracy?