resource curse Flashcards
(3 cards)
1
Q
what is the resource curse
A
where countries rich in natural resources, like oil and minerals, experience slower economic growth or even economic stagnation compared to countries with fewer resources.
2
Q
what is the ivory coasts rosource curse
A
The Ivory Coast’s resource curse is where the country’s abundant natural resources, particularly cocoa and other agricultural products, haven’t led to widespread prosperity and development. Instead, the wealth generated from these resources has been disproportionately concentrated, resulting in socio-economic challenges and political instability.
3
Q
A
