Nigeria, Angola, Venezuela, and Libya… top the list of oil cursed countries where despite having such a valuable resource the people are still poor and the country’s economy is dead.
Some countries like Norway managed to escape this resource paradox through strong policies and others are now seeking to learn from its success.
As more resources are yet to be discovered, which countries are going to face the resource curse, and will countries like Venezuela, Nigeria, Libya and Angola learn how to turn thongs around?
Nigeria is almost getting there with their new oil refinery.
Nigeria is almost getting there with their new oil refinery.
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