Natural Resource Curse Several Observations Research Paper

Download this Research Paper in word format (.doc)

Note: Sample below may appear distorted but all corresponding word document files contain proper formatting

Excerpt from Research Paper:

This is dangerous as if the resource is not worth, or if it is not managed well, the economy will collapse. Moreover, these other industries are equally beneficial for growth of the nation hence a country that concentrates its factors of production on the natural resource suffers the curse. Moreover, the natural resources that are discovered can be depleted. Therefore, a country or an economy dependent on the resource and the resource become depleted suffers a lot. The country collapses immediately, hence the resource curse.

The most significant and prevalent reason why the country with plenty of natural resource will not prosper is conflicts. Conflicts among the ethnic groups, religious divisions, and the government and rebel groups are mostly driven and funded by the natural resource (Vatansever 21). Issues of corruption, weak institutions and power hunger crop from the desire to control the natural resource. This is the reason why most richly endowed nations have had years of war and turmoil that have repeatedly pulled the nation down economically. Some groups, especially the rebel groups, once they gain access to the natural resource, they use it to buy warfare items so as to keep control. This is dangerous and disastrous as the central nation is left with nothing. The curse begins from this point.

Some nations also foster the curse as they support the wars due to vested interests (Vatansever 37). The persons in control, who are led by their desires to gain more wealth for themselves, fund the wars causing distress. Moreover, nations from outside, may also have an interest in the commodity, hence favoring the wars and conflicts so as to benefit themselves. These nations instead of helping, they fire the curse upon the poor nation.

However, countries that realize the need to keep the peace and exploit the commodity effectively are always opposed to the conflicts (Vatansever 97). This is so, especially for countries that have experienced the curse and would not wish to see another nation go down that road. The resource curse is disastrous, and causes a lot of harm and loses to property and life. Thus, it is because of reasons that the nations do not support the natural resource related conflicts that result in the curse situation.

The natural resource curse can be avoided if only the country takes steps towards preventive measures. The nations that put in place good governance and foster transparent dealings with the natural resources easily avoid the curse of the natural resources (Vatansever 116). Strong disclosure and anti-corruption laws help keep those with wrong motives to stay at bay. Putting in place trade and economic policies that promote diversification of economies is also useful. It creates use for all other resources other than the natural resource. Moreover, setting the exploitation rules and giving contracts in a clean and transparent manner helps keep the satisfaction of every party hence they easily avoid the natural resource curse.

The natural resource that a country is blessed with can easily become a curse if not well managed. The effects of the curse are too costly especially on the life and living standards of the people and the nation's economy. Hence it should be avoided by all means.

Works cited

Haber, Stephen, and Victor Menaldo. "Do Natural Resources Fuel Authoritarianism? A

Reappraisal of the Resource Curse." The American Political Science Review 105.1

(2011): 1-26. ABI/INFORM Complete; ABI/INFORM Global; ABI/INFORM Trade & Industry; ABI/INFORM Trade & Industry; Accounting & Tax; The Advocate (Stamford);

Baltimore Sun; Banking Information Source; Greenwich Time; Hartford Courant; Los

Angeles Times; Morning (TRUNCATED). Web. 26 Feb. 2013.

Commodity Prices, Growth, and the Natural Resource Curse: Reconciling a Conundrum. Rochester, Rochester:, 2009. ABI/INFORM Complete; ABI/INFORM Global; ABI/INFORM

Trade & Industry; ABI/INFORM Trade & Industry; Accounting & Tax; The Advocate

(Stamford); Baltimore Sun; Banking Information Source; Greenwich Time; Hartford

Courant; Los Angeles Times; Morning (TRUNCATED). Web. 26 Feb. 2013.

Petrovsky, Nicolai. "Does Natural Resource Wealth Spoil and Corrupt Governments? A New

Test of the Resource Curse Thesis." University of North Texas, 2004. United States

Texas: ProQuest Dissertations & Theses (PQDT). Web. 26 Feb. 2013.

Fidel. The Natural Resource Curse, Fiscal Decentralization, and Agglomeration Economies.

Rochester, Rochester:, 2012. ABI/INFORM Complete; ABI/INFORM Global;

ABI/INFORM Trade & Industry; ABI/INFORM Trade & Industry; Accounting & Tax;

The Advocate (Stamford); Baltimore Sun; Banking Information Source; Greenwich Time;

Hartford Courant; Los Angeles Times; Morning (TRUNCATED). Web. 26 Feb. 2013.

Vatansever, Adnan. "The Political Economy of Allocation of Natural Resource Rents and Fighting the Resource Curse: The Case of Oil Rents in Putin's Russia." The Johns

Hopkins University, 2009. United States -- Maryland: ABI/INFORM Complete;

ABI/INFORM Global; ABI/INFORM Trade & Industry; ABI/INFORM Trade & Industry;

Accounting & Tax; The Advocate (Stamford); Baltimore Sun;…[continue]

Cite This Research Paper:

"Natural Resource Curse Several Observations" (2013, February 27) Retrieved December 10, 2016, from http://www.paperdue.com/essay/natural-resource-curse-several-observations-86255

"Natural Resource Curse Several Observations" 27 February 2013. Web.10 December. 2016. <http://www.paperdue.com/essay/natural-resource-curse-several-observations-86255>

"Natural Resource Curse Several Observations", 27 February 2013, Accessed.10 December. 2016, http://www.paperdue.com/essay/natural-resource-curse-several-observations-86255

Other Documents Pertaining To This Topic

  • Market Orientation of Medical Diagnostic Units Dissertation

    Market Orientation of Medical Diagnostic Units Dissertation for Master of Health Administration i. Introduction ii. Objectives iii. Description iv Administrative Internship v. Scope and Approach vi. Growth vii. Methodology viii. Hypothesis ix. Survey Questionnaire x. Research Design xi. Observation and Data Presentation xii. Test provided xiii. Analysis of findings Marketability of Patient Satisfaction Importance of Employee Satisfaction xiv. Conclusions and Recommendations xv. Bibliography xvi. Notes xvii. Appendices Market Orientation of Medical Diagnostic Units

  • Applying Servant Leadership Within a

    Initially, I had to point out when people were saying things that would indicate a connection between group members. However, once those connections were established, the group members moved rather rapidly towards directly relating with one another. Another result of the group meetings is that the group members initially appeared very focused on the past. Small groups tend to do postmortems of old failures, archaeologizing (digging in the past for

  • Kuwait Today in the Short

    5 billion overhaul over the same period" (44). Moreover, Kuwaiti women are gaining access to governmental leadership positions in ways that will undoubtedly affect the overall acceptance of females in the workplace in the future. For instance, four women were recently elected to the Kuwaiti National Assembly in May 2009, an event that was deemed historic by U.S. government analysts (Kuwait 5-6). Annotated Works Cited Cordesman, Anthony H. Energy Developments in the

  • Monstrous Natures in Frankenstein and

    Though the Monster tries to refrain from interfering; "What chiefly struck me was the gentle manners of these people, and I longed to join them, but dared not…[remembering] too well the treatment I had suffered the night before from the barbarous villagers" (142). The Monster learns how society behaves through the observation of the family, and through the reading of books. Much like Frankenstein, the Monster is greatly influenced

  • Delimitations Today Modern Business Systems

    A favorite target for conspiracists today as well as in the past, a group of European intellectuals created the Order of the Illuminati in May 1776, in Bavaria, Germany, under the leadership of Adam Weishaupt (Atkins, 2002). In this regard, Stewart (2002) reports that, "The 'great' conspiracy organized in the last half of the eighteenth century through the efforts of a number of secret societies that were striving for

  • Women and the Homefront in Western North Carolina and Eastern Tennessee...

    Women and the Home Front in Western North Carolina and Eastern Tennessee during the Civil War This paper examines the living conditions and attitudes that shaped the lives of the women in western North Carolina and eastern Tennessee during and after the American Civil War. The thesis statement should deal with the breakdown of long standing ties between the people of the mountains as they chose to fight for the

  • Epistle of Paul to Philemon

    The divisions were as such: 1. The highest class amongst the slave was of the slave minister; he was responsible for most of the slave transactions or trades and was also allowed to have posts on the government offices locally and on the provincial level. 2. This was followed by the class of temple slaves; this class of slaves was normally employed in the religious organizations usually as janitors and caretakers


Read Full Research Paper
Copyright 2016 . All Rights Reserved