 Paradox of Plenty or Resources Curse?Viorica Puscaciu () and Florin-Dan Puscaciu () Knowledge Horizons - Economics, 2015, vol. 7, issue 3, 239-243 Abstract: The article aims to present the situation of the countries rich in resources, whose paradox is that they are spoiled of their natural gifts, and thus remaining increasingly poorer as for their standard of living, and level of the economic development. The aim of this research is to point out these aspects in order to contribute to the awareness of anyone would be interested in this important matter. As for the theoretical framework it is circumscribed to the development economics area. The concepts used to present the problems faced by these countries are: resources curse, Duch disease, and banana republic. The novelty element of this research is the problem of Romania in this matter. The goal of this trial is to bring into attention this topic, and to see what could be done in order to change to better the present situation. The means of proving these evidences are different, depending on the problems that the countries are facing, and their level of economic development. The results of our research stand in the pertinent conclusions that are in the final part of the study. Keywords: Natural resources; curse; development; economic growth; national economy (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:khe:journl:v:7:y:2015:i:3:p:239-243 Access Statistics for this article More articles in Knowledge Horizons - Economics from Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest Contact information at EDIRC. |
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