Publication Details
Journal: Web of Synergy: International Interdisciplinary Research Journal
Issue: Vol 5, No 1 (2026)
ISSN: 2835-3013
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Abstract

This paper examines the resource curse — the paradox where natural resource wealth produces weaker economic growth and less democratic governance. Through comparative analysis of Norway, Botswana, Nigeria, and Venezuela, it argues that institutions, not resources, determine whether a country develops or stagnates. Policy lessons are drawn for resource-rich developing economies.
 

Keywords
resource curse Dutch Disease rentier state institutional quality democracy oil wealth natural resources economic development governance political economy
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