Resource Abundance: A Dutch Disease Perspective

Abstract

Although, the discovery of a certain resource is often received with great gladness, its boom is again often received with positive shocks. Infact, most countries of the world are a times positively embarrassed with wealth from booming sectors of their economies. Yet, what happen to other competing sectors of such economies? Of course, it results to abandoning and killing of other viable and important sectors of these economies. For every economy to experience development, it must be diversified and make other sectors relevant. Of course, once more there are a number of-countries that have done better without natural resource abundance than the so-called resources abundant nations of the world.