Question

What is the paradox of plenty?

Answer 1

The resource curse, also known as the paradox of plenty, refers to the paradox that countries with an abundance of natural resources (like fossil fuels and certain minerals), tend to have less economic growth, less democracy, and worse development outcomes than countries with fewer natural resources.

Answer 2

It is when countries with plenty of natural resources have very little economic growth and less democracy than countries that are poor in comparison of natural resources 

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