Was the resource present in abundance earlier?
Answers
The resource curse, also known as the paradox of plenty, refers to the paradox that countries with an abundance of natural resources (such as fossil fuels and certain minerals), tend to have less economic growth, less democracy, and worse development outcomes than countries with fewer natural resources.
Explanation:
The resource curse, also known as the paradox that countries with an abundance of natural resources(such as fossil fuels and certain minerals), tend to have less economic growth, less democracy , and worse democracy outcomes that country with their fewer natural resources. There are many theories and much academic debate about the reasons for , and exceptions to these adverse outcomes. Most experts believe the resource curse is not universable or inevitable, but affect certain types of countries or regions under certain conditions.