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The resource curse, also known as the paradox of plenty or the poverty paradox, is the hypothesis that countries with an abundance of natural resources (such as fossil fuels and certain minerals) have lower economic growth, lower rates of democracy, or poorer development outcomes than countries with fewer natural resources. [1]
A resource boom affects this economy in two ways: In the "resource movement effect", the resource boom increases demand for labor, which causes production to shift toward the booming sector, away from the lagging sector. This shift in labor from the lagging sector to the booming sector is called direct deindustrialization.
Despite being rich in natural resources, the Democratic Republic of Congo is one country in the global south suffering from the effects of the resource curse. Its valuable copper and cobalt mineral deposits make Congo vulnerable to local and international conflict over the distribution of resources.
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Resource justice (also referred to as "resource equity" or "resource governance") is a term in environmentalism and in environmental ethics.It combines elements of distributive justice and environmental justice and is based on the observation that many countries rich in natural resources such as minerals and other raw materials nevertheless experience high levels of poverty (resource curse).
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The post NFL Fans Have A Growing “ManningCast Curse” Theory appeared first on The Spun. For fans who watch Monday Night Football, there is an alternative broadcast featuring Peyton and Eli ...
Resource curse – Theory that resource wealth slows growth; Social trap – Type of 'tragedy of the commons' Somebody else's problem – Dismissive figure of speech; Stone Soup – European folk story, the inverse of the tragedy; Tragedy of the anticommons – Type of resource coordination breakdown