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August 25, 2025International Journal of Academic Research in Economics and Management Sciences0 citationsOpen Access

Exploring Somalia's Natural Resource Management and Governance Challenges

Escaping the Resource Curse: The Case Study of Somalia's Natural Resources

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Authors

MFMohammad Farid

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Overview

Qualitative analysis reveals governance gaps impacting hydrocarbon management in Somalia, suggesting critical reforms.

Key Points

  • Somalia's natural resources present significant opportunities but face essential governance challenges leading to economic volatility.
  • Exploration data indicates substantial hydrocarbon reserves, though political instability undermines effective management efforts.
  • Qualitative analysis reviews governance frameworks and socio-political dynamics, offering lessons from other resource-rich nations.
  • Addressing issues like weak regulatory bodies can mitigate the resource curse and enable sustainable development.
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Mohammad Farid (2025) studied this question.

synapsesocial.com/papers/68af5f19ad7bf08b1eae22echttps://doi.org/10.6007/ijarems/v14-i3/26177
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