Natural resources abundance hindering economic growth worldwide, study finds.
The essay discusses how having lots of natural resources can sometimes slow down a country's economic growth. This can happen because of problems like not focusing on education, seeking easy money, and making bad economic decisions. By looking at data from many countries between 1965 and 1998, it was found that countries relying heavily on natural resources tend to have lower exports, investments, and education levels, but higher debt, corruption, and income inequality. Countries with a big primary sector workforce also tend to have slower economic growth. The key takeaway is that it's not just about having lots of resources, but how well a country manages them and its economy in general.