Debunking the 'curse of oil'

A paper co-written by an Indiana University economics professor takes issue with the widespread idea that there is a "natural resource curse" that puts countries with oil or mineral wealth at a disadvantage when it comes to economic growth.

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<p><a href="http://www.physorg.com/news134660537.html">Debunking the 'curse of oil'</a></p> <p>A paper co-written by an Indiana University economics professor takes issue with the widespread idea that there is a "natural resource curse" that puts countries with oil or mineral wealth at a disadvantage when it comes to economic growth.</p>