Nigeria and the Oil Curse
Justine Gros - Bsc Politics and International Relations Intuition would suggest that the abundance of oil reserves would translate into rapid economic growth and high levels of development. Yet, in many resource-rich countries, something intervenes between the independent variable ‘ presence of natural resource ’ and the dependent variable ‘ economic growth ’, and throws the previous assumption out the window. Take Nigeria: largest oil producer of the African continent, yet over 40% of the...