Natural Resource CurseI 60 Second Economics

The natural resource curse explains why some countries rich in oil, gas or minerals experience weaker growth and poorer development outcomes than resource-poor economies. In this short video, we explain how resource dependence can lead to Dutch Disease, currency appreciation and de-industrialisation. You’ll explore the idea of the rentier state, where governments rely on resource revenues instead of taxation, increasing the risk of corruption and weak institutions. Using real-world examples such as Venezuela and Nigeria, and success stories like Norway and Botswana, this video shows why diversification and good governance are crucial for sustainable development.

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Видео Natural Resource CurseI 60 Second Economics канала tutor2u