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BlueVeins · 22-25
You're exactly right, actually; economists have been observing this for ages.
https://www.investopedia.com/terms/r/resource-curse.asp
https://www.investopedia.com/terms/r/resource-curse.asp
BittersweetPotato · 31-35, F
@BlueVeins Yep I am aware of the resource curse concept , but I don't think it answers this question. I am asking about the relationship between having democracy in a country, and between wealth and size.. If such relationship exists at all. The resource curse concept on the other hand talks about a situation whereby countries would underperform economically because they depended too much on their natural resource and did not diversify their sources of income.