resource curse

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A Broader View of the so-called Resource Curse

In light of ESSA’s upcoming Q&A event, this article will explore some of the effects of Australia’s two-speed economy and how it relates to the wider notion of a ‘resource curse’, ultimately branching out to include some of the social and political consequences often befalling countries which own large amounts of natural resources. From a brief overview of Australia’s current macroeconomic situation, the more unsettling aspects of a resource boom will be considered in the context of some developing nations, often regarded as examples of economic and political mismanagement.

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