1. Natural Resources in Developing Countries
On the other hand, developing countries with an abundance in natural resources compete rents and production rather than complement one another. ... 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. ... Terry Karl argues in her book, The Paradox of Plenty, that developing countries who are resource dependent tend to determine the revenues drawn from the resources in a competing, rather than a complementing manner like...
- Word Count: 1045
- Approx Pages: 4
- Has Bibliography
- Grade Level: Graduate