The resource curse or paradox of plenty

public

European Commission

Brussels

22/08/2022 - 18:00

Description

How having an abundance of resources can prove to be a curse rather than a blessing for a developing country

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Speech Details

Language

(en) English

Speech number: 31902

Duration

12:01

Level

Advanced / Test-type

Use

Simultaneous

Type

pedagogical material

Domains

Development

Economic and Monetary Affairs

Energy

Terminology

Sovereign Wealth Fund, deposits, growth rate, conflict-driven, mismanagement, livelihoods, gloom and doom, 2 trillion, mind-boggling figure, malaria, infrastructure gap, overseas bank accounts, windfalls, dams, feasibility studies, Dutch disease, North Sea gas deposits, currency stability, Euro area, unemployment rate, fossil fuels