The Resource Curse Explained | How Vast Natural Wealth Destroys Countries

We dive DEEP into the complex phenomenon known as the *Resource Curse*, or the *Paradox of Plenty*. Despite vast natural resources, why do some countries struggle with Extreme poverty, corruption, and economic instability?

This video covers the historical background, key examples, and economic theories behind the Resource Curse, exploring why countries rich in oil, minerals, or precious metals often face slower development and more significant socio-political challenges.

###Topics Covered:
- What Exactly is the Resource Curse?
- Key examples of countries affected, like Nigeria, Venezuela, and the Democratic Republic of Congo
- How resource dependence impacts governance, economic growth, and social stability
- The role of corruption, weak institutions, and economic volatility
- Possible solutions and policies for countries to avoid the Resource Curse

This educational video is ideal for those interested in *economics*, *global development*, *political science*, and *geopolitics*. Learn more about the impact of resource abundance on national prosperity and discover why managing natural wealth effectively is crucial for sustainable growth.

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#ResourceCurse #Economics #GlobalDevelopment #PoliticalScience #NaturalResources #ParadoxOfPlenty #EconomicGrowth #geopolitics

CHAPTERS
00:00 - 01:55 - The Irony of Resources
01:56 - 02:32 - What Exactly is the Resource Curse?
02:32 - 03:12 - The Dutch Disease
03:13 - 03:59 - Governance Role in The Resource Curse
04:08 - 05:23 - Venezuela Collapse
05:24 - 06:54 - Nigerian Corruption, & Oil Problems
06:55 - 08:12 - The Democratic Republic of Congo Problems
08:12 - 11:40 - Specific Causes of The Resource Curse
11:41 - 11:56 - Escaping the Recourse Curse
11:57 - 13:39 - Norway Oil Wealth
13:39 - 14:57 - Botswana Diamonds Prosperity
14:57 - 16:12 - Chile Copper Wealth
16:13 - 20:04 - How to Escape the Resource Curse

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#resource_curse #the_resource_curse #natural_resources #how_the_resource_curse_works #resource_curse_in_africa #resource_curse_explained #resources #natural_resource #resource_economics #resource_revolution #curse #the_rent_curse #natural_resource_(literature_subject) #why_are_resource_rich_countries_poor #resourcecurse #research #natural_resoruces #personality_lectures #vice_presents #thesis #prices #rousseau #essequibo #dr_peterson #hypothesis #journalism #paradox_of_plenty

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