Explain What Is Meant By The

NameInstructor s NameCourseDateResource CurseThe Resource Curse , which is also known as the difficulty of Plenty describes a state whereby resource rich countries , that an abundance of natural resources , ar economically weak and injury stricken . As such , these resources be an economic put forward what should be a source of wealth and prosperity for countries real make them weaker . The reasons for this are widely debated . One of the common reasons cited is that the makeup agencies of these countries , which are often third world , are conceal and mismanage resources for their own benefit . Other reasons include awry(p) marketplaces for the resources the coarse produce , a lack of competitiveness in other economic sectors and poor management of resources by a countries leadershipIt is clear that , in to ove rcome this phenomenon , some of the profits that are made from the mining need to be re drapeed into the sylvan itself .

some people cite Norway s handling of their oil exportation notes as an example of how resource rich countries could handle themselves . They induce a large share of their wealth in a national pension that is worth billions of pounds . Joseph Stiglitz in the book reserve Globalization Work addresses the issues related to the Resource Curse and describes how the amply 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 this is truly difficult due to...If you want to get a extensive ess! ay, order it on our website: OrderEssay.net

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