1. Natural Resources in Developing Countries
The "paradox of plenty," also referred to as the "resource curse", is meant to represent the notion that states with an abundance in natural resources, such as crude oil, tend to be accompanied by rising levels of poverty. ... For instance, Norway was one of Europe's poorest country in 1900, but similarly to what the United States did following the 1850s, they started exploiting natural resources heavily, such as timber and fish and more recently oil and natural gas, thus making them one of the richest European country today. ... For example, in the Congo the "enormous...
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- Grade Level: Graduate