resource curse

• Jonathan Zasloff
• October 29, 2012

How Did Alaska Avoid the Resource Curse? Can Anyone Else Do So?

Dan made a useful point the other day about the possibility that increased energy production could yield a resource curse, i.e. an increase in unproductive and oligarchical rent-seeking when an economy becomes based upon resource extraction.  One might add that this rent-seeking also tends to underdevelop a country’s human capital, as it has in Saudi …

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