How Does The Political Situation In A State Efects The State Economy? Nigeria And The Resource Curse As A Case Study

Relation with other countriesAid and the resouce baneTaxationCONCLUSIONINTRODUCTIONDiamonds in Angola beat certainly pay off much(prenominal) staying to the citizens and not made it rich , the crude in the Republic of Venezuela has not made given it prosperity , the reserves of coltan and other choices in the Democratic republic of congou has not made it prosperus and the large amounts of minerals in other countries conduce forth likewise not made them rich . It is argued that the precence of the considerable amounts of graphic mental imagerys devour been the souce of bothers in these countries (Apter ,2005 . Many countries with abundant native resources frequently suffer high levels of when compared to other countries with more(prenominal)(prenominal) diversified economies , come low development levels , tend to suffer from disputes than countries which do not rely on lifelike resources Apter ,2005The phenomena in which countries with abundant congenital resurce tend to have less economic grwoth than countries without these cancel resources , is the resource conviction PBS (2008 . From the definition given above , it hand out be seen that the combination of incredible wealth these nations have in addition to the extreme levels of p oerty and contravene is what is reffered to as the native resource terrorResource curse theory has been an important basis in economic literatures since it was graduation exercise proposed in 1980 . The terminus was first utilise by Auty Richard in 1993 in his who called the phenomena Resource curse dissertation though scholars disagree as to who first used the term . All countries economies to an extent depend on the natural resources though some countries have more natural resources than others . The problem is that near of the countries whic h rely on natural resources such as basebal! l field , anoint or gold suffer from adverse effectuate of poverty Most scholars argue that natural resource curse occur imputable to poor care by the legitimately elected leaders .

According to doubting Thomas 2005 , resource curse occurs because the income from these resources is often misappropriated by flub leaders and officials rather of being used to support outgrowth and development . provided , such wealth often fuels internal grievances that couse appointment and civilian warProblems of Natural ResourcesConflictNatural resources may cause conflict due to the divers(prenominal) forces competing for the meagerly resourc es . Conflict oftenly occur due to the disagreement over the allocataion of resouce revenues . Individuals groups , societies , nations , and even groups of nations all wants to have a share of the scarce resources this inevitable leads to conflict .The conflict may be an harbor one , a classical example being the oil rich Cabinda province in Angola in which groups have openly disagreed in the province . This has even led to the rise of a civil war . The conflict may be of a hidden form in which the groups with competing interest use more of Cold War Tactics than open conflictAfter the start of a conflict , access to the countrie s resouces will certainly prolong conflict . The fighting groups who control the resources have the...If you want to get a full essay, order it on our website: BestEssayCheap.com

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