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Existing studies assume that the impact of democracy on FDI is the same for resource exporting and non …-resource exporting countries. This paper examines whether natural resources alter the relationship between FDI and democracy. We estimate … there is some critical value of the share of minerals and oil in total exports below which democracy enhances FDI, and above …
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"A re-conceptualisation of the widely-held concept of the "resource curse," which contends that resource booms inevitably lead to numerous political, social and economic problems. This book counters that these problems are by no means inevitable, but are rather the direct result of specific...
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