Many Countries Rich In Natural Resources Have Been Found To Be Slower To Develop Than Others (IMAGE)

University of Helsinki

Many Countries Rich In Natural Resources Have Been Found To Be Slower To Develop Than Others

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A large mineral sector does not necessarily turn a country into a metaphorical goldmine and can even hinder economic growth. A phenomenon known as the 'resource curse' can make the finance sector accustomed to serving large, established resource firms at the expense of smaller companies, states a doctoral dissertation being examined at the University of Helsinki.

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