Comment by vi_sextus_vi
5 hours ago
>As of at least 2023, there is no academic consensus on the effect of resource abundance on economic development[4]
Interesting. Do Japanese, and now Dutch, planners think they are free of the resource blessing?
[4] Alssadek, Marwan; Benhin, James (2023). "Natural resource curse: A literature survey and comparative assessment of regional groupings of oil-rich countries".
>For instance, the oil sector frequently requires technical solutions to improve offshore oil drilling. This might create positive knowledge externalities to support other sectors. If these sectors trade with the oil boom sector in the economy, then learning-by-doing spill-overs in the overall economy are expected. In this scenario, the implications of the Dutch disease would not be evident, and natural resources may in fact be a blessing rather than a curse.
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