Resource curse confirmed: Natural wealth brings long-term economic challenges to nations.
The article compares how natural resources affect economic growth in Botswana, Canada, Nigeria, and Norway from 2000 to 2016. It looks at whether having lots of resources is good or bad for a country's development. The study found that the prices of resources play a big role in how well a country does in the short term. Some countries like Nigeria and Botswana showed signs of "Dutch disease" symptoms, which can hurt their economies. However, the study didn't find evidence that having lots of resources makes a country's political institutions worse. Overall, the study confirmed that the prices of resources can impact a country's growth in both good and bad ways.