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This article explores the relationship between petroleum wealth and the development trajectories of nations.

September 1, 2013African Affairs373 citations

The Oil Curse: How petroleum wealth shapes the development of nations

Key Points

This article explores the relationship between petroleum wealth and the development trajectories of nations.
Literature review of economic and political theories related to petroleum wealth
Analysis of case studies from oil-rich nations
Petroleum wealth often leads to less economic diversification.
Oil-rich nations face challenges like corruption and inequality.
The presence of oil can hinder democratization efforts.

Abstract

Journal Article The Oil Curse: How petroleum wealth shapes the development of nations Get access The Oil Curse: How petroleum wealth shapes the development of nations, by Michael L. Ross. Princeton, NJ: Princeton University Press, 2012 (paperback 2013). xxi + 289 pp. 29. 95/£19. 95 (hardback). ISBN 978 0 69114 545 7. 22. 95/£15. 95 (paperback). ISBN 978 0 69115 963 8. E-book ISBN 978 1 40084 192 9. Pádraig Carmody Pádraig Carmody Trinity College Dublin carmodyp@tcd. ie Search for other works by this author on: Oxford Academic Google Scholar African Affairs, Volume 112, Issue 449, October 2013, Pages 688–689, https: //doi. org/10. 1093/afraf/adt051 Published: 01 September 2013

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Pádraig Carmody (Sun,) studied this question.

synapsesocial.com/papers/6a20af089e00afa23b234367 https://doi.org/https://doi.org/10.1093/afraf/adt051

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