1. Natural Resources in Developing Countries
However, he finds that in many developing countries resource rents are not channeled into productive investments, but are depleted through corruption, inefficient institutions and policies aimed at rent-seeking interest groups. ... Additionally, Terry Karl argues that resource wealth might affect governance quality by provoking conflicts between elitist groups over the control of the natural resources and institutions. Even if it does not worsen governance, it is most likely "the quality of the governance will determine the quality of the economic and natural resource management polici...
- Word Count: 1045
- Approx Pages: 4
- Has Bibliography
- Grade Level: Graduate