Explain why this natural resource curse can occur and evaluate strategies to overcome the problem.1. Africa\’s natural resources can be a blessing not a curse (Guardian) http://www.guardian.co.uk/business/economics-blog/2012/aug/06/africa-natural-resources-economic-curse
MLA format, 800 words:
According to the World Bank, strong economic growth in the past decade among African countries rich in oil and minerals has failed to make a significant dent on their poverty levels. The decline in poverty rates in resource-rich countries has generally lagged behind that of countries without riches in the ground. Some countries, such as Angola, Congo-Brazzaville and Gabon, have witnessed an increase in the percentage of the population living in extreme poverty.Question: Explain why this natural resource curse can occur and evaluate strategies to overcome the problem.1. Africa\’s natural resources can be a blessing not a curse (Guardian) http://www.guardian.co.uk/business/economics-blog/2012/aug/06/africa-natural-resources-economic-curse
2. Africa\’s mi neral wealth hardly denting poverty levels (Guardian) http://www.guardian.co.uk/global-development/2012/oct/05/africa-mineral-wealth-poverty-world-bank
3. Boom time for Mozambique (Guardian)
http://www.guardian.co.uk/world/2012/mar/27/mozambique-africa-energy-resources-bonanza
4. Poverty matters – natural resources and development (Guardian) http://www.guardian.co.uk/global-development/poverty-matters+natural-resources-and-development
5. Natural resources – curse or blessing, keynote talk by Paul Collier http://erfblog.org/2012/01/15/natural-resources-curse-or-blessing-keynote-address-by-paul-collier/
6. Lifting the resource curse (Oxfam policy paper 2009) http://www.oxfam.org/en/policy/lifting-resource-curse
7. Chile – the natural resource curse strikes again (Project Syndicate, October 2012) http://www.project-syndicate.org/commentary/chile-s-lithium-and-the-resource-curse-by-andres-velasco