#62: The Resource Curse

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When a country finds gold, oil or diamonds, you might think this
would be a good thing.


But in many cases, it is a curse for that country, and it would
have been better off leaving its natural resources in the ground.



In today's episode we cover:


Expression: "to strike gold"

Wars & conflict

What happens to your currency when you export natural
resources

Government accountability & politicians

Equatorial Guinea (and the $600M president)

Prices that change a lot

Did the resource curse cause the fall of the Spanish empire?

Countries that disprove the rule

"The devil's excrement"




Full transcript and key vocabulary available on the website:
www.leonardoenglish.com/podcasts/the-resource-curse


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