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What is Natural Resources and Economic Growth about?

This document discusses the natural resource curse phenomenon, where countries rich in natural resources tend to have less economic growth than those without. The Philippines is used as an example, as it has abundant natural resources but has historically been considered a developing nation. While natural resources can provide initial growth, overdependence on exporting them can lead to boom and bust cycles that inhibit long-term growth. Proper management of resources and diversification away from total rel

Author

Dzei Ey Em

Language

EN