word
resource curse
REE-sors KERS
ˈriːsɔːrs kɜːrsListen
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Syllable breakdown
resourcecurse
Dictionary meaning
the paradox by which countries rich in natural resources such as oil, minerals, or timber often experience slower economic growth, weaker democratic institutions, and greater conflict than resource-poor countries; mechanisms include Dutch disease, rent-seeking, corruption, and the weakening of fiscal discipline
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