Natural resource abundance hindering economic growth worldwide, new study reveals.
The article discusses how having lots of natural resources can sometimes slow down a country's economic growth. This can happen because of problems like not investing in education, corruption, and bad economic policies. The researchers looked at data from many countries between 1965 and 1998 and found that countries relying heavily on natural resources tend to have lower exports, investments, and education levels. They also found that countries with a big primary sector workforce 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.