Countries that are rich in petroleum have less democracy, less economic stability, and more frequent civil wars than countries without oil. What explains this oil curse? And can it be fixed? In this groundbreaking analysis, Michael L. Ross looks at how developing nations are shaped by their mineral wealth – and how they can turn oil from a curse into a blessing.
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Fay en haar beste vriendin Marscha krijgen allebei een baantje in De StrandTent (DST). Het wordt een zomer vol liefde en avontuur en met heel veel coole feestjes. De seizoenskrachten van DST zijn errúg leuk en zelfs Fay raakt tot over haar oren verliefd. Maar er gebeuren ook vervelende dingen. Als iemand de inboedel van De StrandTent kort en klein…
Ross traces the oil curse to the upheaval of the 1970s, when oil prices soared and governments across the developing world seized control of their countries' oil industries. Before nationalization, the oil-rich countries looked much like the rest of the world; today, they are 50 percent more likely to be ruled by autocrats – and twice as likely to descend into civil war – than countries without oil.
The Oil Curse shows why oil wealth typically creates less economic growth than it should; why it produces jobs for men but not women; and why it creates more problems in poor states than in rich ones. It also warns that the global thirst for petroleum is causing companies to drill in increasingly poor nations, which could further spread the oil curse.
This landmark book explains why good geology often leads to bad governance, and how this can be changed.