Technology, blockchain and the natural resource curse
The “paradox of plenty,” natural resources are both a gift and a curse to emerging economies. Rather than providing a flourishing economy, often the result of discovering an abundance of new resources is quite the opposite.The story is repeated over and over again throughout the world. Countries rich in natural resources have fallen victim to poverty, unrest, and tyranny.
In the 1997 study of Jeffrey D. Sachs and Andrew M. Warner, the writers suggest that rather than bolstering econo
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