Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). The resource curse is a paradox where countries that are rich in natural ...

Natural resources—such as fossil fuels, water, and minerals—are materials found in the environment that are essential for life and highly utilized in production. Though these resources are viewed as ...

Countries with abundant natural resources – gold, diamonds, crude oil – often fail to transform that advantage into favourable development outcomes. This is known as the natural resource curse.

Liberia is a nation rich with natural resources including iron ore, gold, diamonds, natural rubber, vast forest for logging and timber harvesting, and vast agriculture land for ensuring food security.

Can having too much oil be a curse? Or is being dependent on oil the real curse? Since the 1990s, thanks to the insights of economists like Jeffrey Sachs and Andrew Warner (see “Natural Resource ...