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tomaskafkayesterday at 3:05 PM3 repliesview on HN

You described https://en.wikipedia.org/wiki/Resource_curse


Replies

vi_sextus_vitoday at 2:14 AM

>As of at least 2023, there is no academic consensus on the effect of resource abundance on economic development[4]

Interesting. Do Japanese, and now Dutch, planners think they are free of the resource blessing?

[4] Alssadek, Marwan; Benhin, James (2023). "Natural resource curse: A literature survey and comparative assessment of regional groupings of oil-rich countries".

>For instance, the oil sector frequently requires technical solutions to improve offshore oil drilling. This might create positive knowledge externalities to support other sectors. If these sectors trade with the oil boom sector in the economy, then learning-by-doing spill-overs in the overall economy are expected. In this scenario, the implications of the Dutch disease would not be evident, and natural resources may in fact be a blessing rather than a curse.

subw00fyesterday at 6:13 PM

Or if you look at the issue more closely https://en.wikipedia.org/wiki/Dependency_theory

throwaway5752yesterday at 3:53 PM

the newly elected president criticized foundational research saying it doesn't "turn into jobs" and instead "ends up in an expensive book abandoned in a library".

That isn't the Dutch Disease, it's anti-intellectualism. It is where Pol Pots come from eventually, and it never leads anywhere good.