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Resource Curse: Economics Before Institutions | Guyana News
Description
The Resource Curse isn’t just about bad institutions—it’s a two-way street where sudden wealth triggers economic chaos first, then politics and governance decide how to handle it. Norway proves strong institutions matter, but so do smart policies; even democracies can fail without careful management. New research shows wealth and institutions build each other, flipping the old narrative. This episode unpacks the messy, nuanced truth behind resource-driven economies.
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