Researcher examines how a country's natural resources affect its politics and policies

Let's say country X is sitting on an abundance of oil reserves. If its institutions are strong and stable—think Norway—then society will benefit. If, on the other hand, its institutions are precarious—think Nigeria—then this resource will lead to negative outcomes, such as weaker democracy, less economic growth, and more corruption. Right?

Read the whole article on Physorg

More from Physorg