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The resource curse, also known as the paradox of plenty or the poverty paradox, is the phenomenon of countries with an abundance of natural resources (such as fossil fuels and certain minerals) having less economic growth, less democracy, or worse development outcomes than countries with fewer natural resources. There are many theories and much academic debate about the reasons for, and exceptions to, these adverse outcomes. Most experts believe the res… WebNatural Resource Abundance and Economic Growth. Jeffrey D. Sachs & Andrew M. Warner. Working Paper 5398. DOI 10.3386/w5398. Issue Date December 1995. One of the surprising features of modern economic growth is that economies with abundant natural resources have tended to grow less rapidly than natural-resource-scarce economies. tokyo april weather
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