Open Access. Powered by Scholars. Published by Universities.®

African Languages and Societies Commons

Open Access. Powered by Scholars. Published by Universities.®

Eastern Illinois University

Development

Articles 1 - 1 of 1

Full-Text Articles in African Languages and Societies

Oil Wealth, Resource Curse And Development: Any Lessons For Ghana?, Felix Kumah-Abiwu, Edward Brenya, James Agbodzakey Jan 2015

Oil Wealth, Resource Curse And Development: Any Lessons For Ghana?, Felix Kumah-Abiwu, Edward Brenya, James Agbodzakey

Faculty Research and Creative Activity

Ghana’s new status as an oil-producing country has invigorated the scholarly debate on the resource curse theory, which assumes that countries with vast natural resource wealth like oil, diamond and gold are likely to experience slow economic growth and development as compared to countries with scarce natural resources. Although the development literature is well endowed with cases of countries with huge natural resources that have experienced slow economic growth, the literature is also clear on few other countries with enormous natural resources that continue to experience high economic growth due to strong political institutions and democratic practices. Norway and ...