Jason Fernando is a professional investor and writer who enjoys tackling and communicating complex business and financial problems. Gordon Scott has been an active investor and technical analyst or ...

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.

International economics and international environmental studies have been recently preoccupied with the resource curse theory. This theory is based on data indicating that countries endowed with ...

The Resource Curse describes the phenomenon of how, when a poor country discovers vast natural wealth, economists around the world cry, “Aw, hell!” Such a moment arrived on June 14 following a New ...

What does resource wealth, including oil, gas, and nonfuel minerals, mean for a country? Because minerals are crucial for meeting the soaring global demand for energy and industrial inputs, it has ...

Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions. Liberia is in the news as Chevron has announced plans to begin oil exploration ...