Zócalo Public Square
Why Is Oil Wealth a Bad Thing?
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:56:54
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Sinopsis
UCLA political scientist Michael Ross, author of The Oil Curse: How Petroleum Wealth Shapes the Development of Nations, explains why oil wealth is bad for developing countries: because of the extraordinary power and kinds of revenue it generates for governments, and because of the industry's lack of transparency. It's not a coincidence that the world's most volatile countries are rich in oil, he argues.