The Natural Resource Curse and the Dutch Disease in Africa
While Africa is endowed with approximately 30% of the global natural resources, its economic growth and development have lagged. The natural resource Curse and Dutch disease are two phenomena that can be attributed to the current state. Read More here!
Africa is content endowed with natural resources. The continent is home to about 30 percent of the world’s mineral reserves, 12 percent of the world’s oil, and 8 percent of the world’s natural gas reserves. These resources have remained unexploited due to varying factors related to Africa. However, there are increasing prices of minerals and oil products, and the depletion of these products in…
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