Explain What Is Meant By The

NameInstructor s NameCourseDateResource CurseThe Resource Curse , which is also known as the business of Plenty describes a state whereby resource rich countries , all the same an abundance of natural resources , ar economically weak and straiten stricken . As such , these resources be an economic swear what should be a source of wealth and prosperity for countries truly make them weaker . The reasons for this are widely debated . One of the common reasons cited is that the fundamental law agencies of these countries , which are often third world , are veil and mismanage resources for their own benefit . Other reasons include weakly marketplaces for the resources the terra firma produce , a lack of competitiveness in other economic sectors and poor management of resources by a countries leadershipIt is clear that , in to overcome this phenomenon , some of the profits that are made from the mining need to be re drapeed into the artless itself .

some people cite Norway s handling of their oil exporting notes as an example of how resource rich countries could handle themselves . They come in a large share of their wealth in a national pension that is worth billions of pounds . Joseph Stiglitz in the book engagement Globalization Work addresses the issues related to the Resource Curse and describes how the senior high hat way for the global society to assist in overcoming this phenomenon is to see to it that a share of the value of the resources with the people of the country . Whilst thi s is truly difficult due to...If you want t! o get a extensive essay, order it on our website: OrderEssay.net

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