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Nigeria
Nigeria

... the country’s ability to sustain long-term viability 9th most likely for state failure before 2030 • Previously when Nigeria faced a severe crisis 1967-1970 - oil came to the rescue • Now survival will depend on whether Nigeria • Has societal strength to rein in corruption • Can invest wisely in dev ...
The nature of the problem, and its relationship to culture
The nature of the problem, and its relationship to culture

... royalties may be paid, but profit is only realized through use in goods that can be sold in markets ...
What is environmental science? capital SUSTAINABLE RULE of 70
What is environmental science? capital SUSTAINABLE RULE of 70

... • Our natural capital is limitedlimited-some is renewable and some is nonrenewable. • How governments use their capital affects growth; how peoples use use their capital affects ...
What is Economics ANSWERS
What is Economics ANSWERS

... make the best use of its limited productive resources. Scarcity, with the resulting need to ...
study guide #3
study guide #3

Price $ Quantity
Price $ Quantity

Conference Description Biodiversity3
Conference Description Biodiversity3

... overwhelming message is that unless we halt or dramatically slow the pace of exploitation of key resources, longterm economic prospects are threatened. This is particularly true in countries that are heavily dependent on natural resources for GDP growth. Climate change can only increase such risks. ...
Economic Growth Notes
Economic Growth Notes

... 6. Efficient Financial Institutions – transform the deposits of savers into loans for borrowers, which are used to invest in capital, technology, and infrastructure – all key ingredients for growth. Research finds that countries with well-developed financial markets allocate resources more effective ...
Democratic republic of the Congo
Democratic republic of the Congo

... have a ton of industries) ...
Chapter 1 Concepts
Chapter 1 Concepts

... Rule of 70: Calculate doubling time for some quantity (ex: population) that is growing exponentially. ...
Kenya and Bolivia: The differences between winners and losers
Kenya and Bolivia: The differences between winners and losers

Diversification of the Economies in Transition: Policy Challenges Bucharest June 2008
Diversification of the Economies in Transition: Policy Challenges Bucharest June 2008

... is to mitigate effects of Dutch disease (high exchange rate prices out manufactured exports). • Also, historically, many resource prices have been highly volatile, so reliance on resource exports can be risky – mitigate by creating resource funds in good times, or by fostering diversification. • For ...
Dragan Miljkovic - LABOR MARKET IMPACTS OF U.S. TIGHT OIL
Dragan Miljkovic - LABOR MARKET IMPACTS OF U.S. TIGHT OIL

... by Corden and Neary (1982). Given a fixed amount of labor, increased economic activity in a tradable energy sector results in an increase in the demand for labor and wages in that sector. With higher local incomes, the price of local, non-tradable goods, rise. At the same time, employment in other l ...
Hollander - Ford Foundation
Hollander - Ford Foundation

... could reduce agro production by as much as 60%. ...
Hollander - Ford Foundation
Hollander - Ford Foundation

... could reduce agro production by as much as 60%. ...
Comparing countries KEY
Comparing countries KEY

Economic Impact of Peak Oil
Economic Impact of Peak Oil

... With a flat or declining economy: • Food and energy costs become a bigger share of the economy. • Future promises like social security, Medicare, and interest also become a bigger share of the economy. • Combination is very difficult to deal with • Little is left for everything else ...
Factors of Economic Growth
Factors of Economic Growth

Principles of Business, Finance, and Marketing
Principles of Business, Finance, and Marketing

... Unit 1: The Economy and You Chapter 2: Economic Resources and Systems ...
Economics and the Environment
Economics and the Environment

... • Millions of Americans will drive their cars to visit family and friends over the Thanksgiving holiday even though gasoline is above $3.00 per gallon, travel and leisure group AAA said Thursday. • About 38.7 million Americans, 1.5 percent more than last year, will travel 50 miles or more from home ...
rečenica dana: cene fluktuiraju, nafte ima, i to sve više a troši se sve
rečenica dana: cene fluktuiraju, nafte ima, i to sve više a troši se sve

... So does that mean the oil price does not matter any more? Not quite. Some economists now argue that this relationship is asymmetrical. A rise from $10 to $20, or $40 to $50, may not cause much harm, but further rises, even if they are quite modest in percentage terms, may become increasingly damagin ...
Ghana`s Oil Discovery, Challenges and Opportunities to a reduction
Ghana`s Oil Discovery, Challenges and Opportunities to a reduction

... WTS Nakyea & Adebiyi (Tax Attorneys & Solicitors) ...
What is Globalization? - Honorsglobalportfolio
What is Globalization? - Honorsglobalportfolio

... GLOBAL ECONOMY • Goal: Effective resource mgmt for most efficient production ...
Econ 247 - Trinity College
Econ 247 - Trinity College

Neoclassical
Neoclassical

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Resource curse

The resource curse, also known as the paradox of plenty, refers to the paradox that countries and regions with an abundance of natural resources, specifically point-source non-renewable resources like minerals and fuels, tend to have less economic growth and worse development outcomes than countries with fewer natural resources. This is hypothesized to happen for many different reasons, including a decline in the competitiveness of other economic sectors (caused by appreciation of the real exchange rate as resource revenues enter an economy, a phenomenon known as Dutch disease), volatility of revenues from the natural resource sector due to exposure to global commodity market swings, government mismanagement of resources, or weak, ineffectual, unstable or corrupt institutions (possibly due to the easily diverted actual or anticipated revenue stream from extractive activities). The resource curse may not be universal for all countries with an abundance of natural resources, but on average, economies with abundant natural resources have tended to grow more slowly than natural-resource-scarce economies.
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