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In the context of falls in extractive commodities prices since 2011, this paper examines the history of thinking about the interplay between extractives and economic development. Just as 'the resource curse' fails as a generic explanation on account of the huge diversity in country contexts, so...
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, multinational oil companies and the World Bank Group. With its relatively small equity holding, the World Bank’s main roles in the … not encouraging. In 2008, the Project was declared a failure, with the World Bank’s complete withdrawal, citing its …, it asks how multilateral institutions, such as the World Bank, can prevent the resource curse …
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This chapter discusses whether the Middle East and North African (MENA) countries are prone to be cursed or blessed by their natural resources endowments. It thus reviews the literature on the resource curse theory. The existence of a resource curse is discussed and arguments against advocates...
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This study analyses the economic developments in Yemen from the 1970s to today in the context of the resource curse hypothesis. After a brief survey of the resource curse literature, using empirical data, historical accounts, and political (economic) analyses, I confirm that post-reunification...
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