Debunks the view that natural resources lead to terrible outcomes by demonstrating that oil and minerals are actually a blessing.

This book examines the paradox that resource-rich countries often struggle to manage their resources in a way that will help their economies thrive. It looks at

This book makes two central claims: first, that mineral-rich states are cursed not by their wealth but, rather, by the ownership structure they choose to manage

Explaining—and solving—the oil curse in the developing world Countries that are rich in petroleum have less democracy, less economic stability, and more fre

Some natural resources-oil and minerals in particular-exert a negative and nonlinear impact on growth via their deleterious impact on institutional quality. We