Exploring the dual nature of natural resources as tools, this chapter delves into how they can both empower and destabilize nations through corrupt governance and civil unrest. Through real-world examples from countries like Norway, Iran, and Saudi Arabia, the chapter underscores the critical role of resource management in shaping societal well-being.
We were lucky enough to talk with Prof. Asemoglu of MIT about why Africa lags economically despite so much aid and resources being pumped into the country each year. From the impact of institutions to the legacy of policies, we talked about the reasons behind the continent's challenges and the potential paths forward that might actually help improve living conditions in African nations within our lifetimes.
Learn more about your ad choices. Visit megaphone.fm/adchoices