brownpaperboi

brownpaperboi t1_iudlctf wrote

I think the above comment is talking about the resource curse, where governments essentially focused on supporting and taxing one industry to the detriment of other industries. Countries with resource curse historically have high levels of corruption and frequently poor government services since the main goal of government is rent collection. Example include Nigeria, Mexico 20 years ago, Angola, Iraq and some other nations.

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