New Research Shows How Countries Can Avoid the "Resource Curse"

The riddle of how to avoid the so-called "resource curse" has bedeviled a generation of policy makers, economists and academics.   Resource curse refers to the negative consequences that befall a country when it discovers a valuable natural resource, like oil. Often times the discovery of oil does not propel a country's economic development, and can even set a country back.   My guest today is engaging in ground-breaking research that suggests some ways that a government may avoid the resource curse. Sam Hickey is a professor of the politics and development at the Global Development Institute at the University of Manchester . And in this capacity he is engaged in some long term research into how governments in Africa are approaching their oil sectors.This includes a fascinating study comparing how democratic Ghana and authoritarian Uganda have approached their relatively recent oil discoveries.    Responsible resource extraction is a key element in the development of many countries around the world and I found this conversation an extremely enlightening explanation about what academic research says about what works--and what does not -- in avoiding the resource curse.    We kick off with an extended discussion of the curse, before discussing his research.    This episode is part of a content partnership between the podcast and the Global Development Institute at the University of Manchester. Experts from the Global Development Institute discuss their research and also the pressing news of the day as it relates to global inequalities and development. If you'd like to learn more about the Global Development Institute you can go to GDI.Manchester.ac.uk or click on the add on globaldispatchespodcast.com