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"Resource curse", "Dutch disease", "gold rush", "blood diamonds" - those are just some of the epithets used to characterise the role of natural resources in economic development. They certainly do not set a positive tone for a constructive discussion. The purpose of this report is to change that...
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examine the viability of Resource Curse theory for Iran, Russia and Norway to see whether natural resources are curse or … Iran with Turkey and Russia with China to illustrate the negative effects of oil revenue on economic performance. The … successful oil rich country shows that efficient institutions can turn natural resource into blessing; while Iran's and Russia …
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