Poor little rich countries: another look at the ‘resource curse’

  title={Poor little rich countries: another look at the ‘resource curse’},
  author={Sudhir Chella Rajan},
  journal={Environmental Politics},
  pages={617 - 632}
  • S. C. Rajan
  • Published 1 September 2011
  • Economics
  • Environmental Politics
Resource-rich countries are plagued by macroeconomic crises known as ‘Dutch Disease’, which is associated with the inflation of local currencies on account of a large influx of foreign exchange and a dip in labor supply for non-traded goods. In developing countries, the historical context of state formation is often such that the revenues generated by natural resource exports bolster the stability of authoritarian regimes, and the dominant state actors consolidate their power by managing boom… 
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