S3E13 | Is Oil a Blessing or a Curse?
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S3E13 | Is Oil a Blessing or a Curse?
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The resource curse, also known as the paradox of plenty or the poverty paradox, is the phenomenon of countries with an abundance of natural resources (such as fossil fuels and certain minerals) having less economic growth, less democracy, or worse development outcomes than countries with fewer natural resources. There are many theories and much academic debate about the reasons for and exceptions to the adverse outcomes. Most experts believe the resource curse is not universal or inevitable but affects certain types of countries or regions under certain conditions. In our final episode of season three of the Future of Energy, Kyle Koerner moderates a panel of three distinguished experts, Dr. Don Paul from ECET, USC, Tisha Schueller of Adamantane Energy and Trem Smith. Even our student podcasters get to ask the experts their questions. Thanks for all your support.