The Curse of Natural Resources

Katharina Wick; Erwin Bulte

doi:10.1146/annurev.resource.050708.144219

Annual Review of Resource Economics

Volume 1, 2009

Review Article

The Curse of Natural Resources

Katharina Wick¹ and Erwin Bulte²
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¹Department of Economics, Tilburg University, 5000 LE Tilburg, The Netherlands ²Development Economics Group, Wageningen University, 6700 EW Wageningen, Netherlands; Oxford Center for the Analysis of Resource-Rich Economies (OxCarre), Oxford, OX1 3UQ, United Kingdom; email: [email protected]
Vol. 1:139-156 (Volume publication date July 2009) https://doi.org/10.1146/annurev.resource.050708.144219
First published as a Review in Advance on May 12, 2009
© Annual Reviews

Abstract

A large literature has developed that documents a negative association between the presence of natural resources and economic development. In this paper we explore the empirics and theories of the so-called resource curse and try to assess its robustness. We conclude that there are many open questions and that the case of the curse needs revision and nuance.

Keyword(s): institutions, resources and conflict, resources and economic performance

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2009-05-01

2025-06-21