... say the returns from the investment of the extractions are being distributed, while countries rich in resources, like Iran and Saudi Arabia, are still developing and are accompanied by a rising level of poverty. Developed countries with a dependence on natural resources, like Canada and Norway, go against the notion of the "paradox of plenty", because of the way the institutions ... are the problem. Developing countries dependent upon natural resources tend to have governments who do not define property rights and enforce extraction policies that benefit the few, subsequently producing ...

• Word Count: 1045
• Approx Pages: 4
• Has Bibliography
• Grade Level: Graduate