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Thread: Resource Course (Paradox of Plenty) development in SW Asia and Africa

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    Senior Administrator Ironduke's Avatar
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    Default Resource Course (Paradox of Plenty) development in SW Asia and Africa

    I'm posting this here, as it seems primarily to affect nations in the Middle East and Africa (but also Latin America).

    I'd like to explore the theory of the resource curse, also known as the paradox of plenty on international development. Basically, the theory holds that in a developing economy, it is actually high damaging on an economy to be highly dependent on a limited number of high-value natural commodities: e.g. diamonds, oil, uranium, etc.

    The United Arab Emirates is one country that I've identified that has more or less correctly develop a strategy to deal with the resource curse, by expanding their economy to include tourism, finance, and some industrial endeavors. Saudi Arabia and Nigeria would be examples of countries that have unsuccessfully dealt with issues related to overreliance on a natural commodity for economic well-being.

    So, open discussion, with few questions:
    • what countries are suffering from the resource curse?
    • what would be effective ways within practical means to deal with this issue?
    • what countries have developed appropriate strategies to deal with this issue?
    • what could these countries do more effectively do deal with the issue in a better way?

    From Wikipedia:

    Source: Wikipedia
    Resource curse - Wikipedia, the free encyclopedia
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    Senior Administrator Ironduke's Avatar
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    These are the nations I've identified as pursuing a more correct approach to the issue:
    • Iran
    • United Arab Emirates
    Incorrect approaches to the issue:
    • Nigeria (oil)
    • Iraq (oil, but exception case due to ongoing security matters, cyclical approach due to misfortunes of war)
    • Saudi Arabia (oil)
    • Colombia/Bolivia (agricultural commodities (licit and illicit)
    Of course, we can see that several countries have altogether avoided the issue of few/no natural resources, but often solved their issues with imperialism, but were better of economically without their empires:
    • Europe (ruled most of the rest of the world until 1940s-1960s)
    • Japan (thrived as an empire, but better growth as an island nation with few natural resources)
    • Germany (again, once an empire, but superior growth as a nation with few natural resources)
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    Human rights are vastly abused throughout the world. All human rights activists should unify to stop this unfortunate trend.

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    Registered Member Spoooony's Avatar
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    First off all it always amazes how people from outside see all the slaughtering took place all around Africa and then go how did it happen. Why are one African tribe slaughters another? Why do uneducated people with primitive barbaric laws kill each other by the masses? And why did it not happen in a country like South Africa where there were over 150 tribes who wanted to murder each other since their existence?

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