The resource curse: why countries that have so much, often have so little – The New Economy

The Kataanga slum in Kampala. Falling oil prices have left Uganda one of the most heavily indebted countries in the world, despite its abundance of natural resources

The resource curse: why countries that have so much, often have so little

Large reserves of natural resources are not always the boon they appear to be; they can bring corruption and contraction if a country’s wider economy does not benefit