About this videoThe "Resource Course" is a phenomenon that describes the slow economic growth of a country that has plenty of mineral resources. Public Choice Theory shows that there is a relationship between property rights, public decisions, and corruption. The "Resource Course" is more frequent in countries that have weak property rights and absence of the Rule of Law. A regression analysis shows that increases in mineral wealth have no impact on economic growth in a country that has weak Institutions and Property Rights.
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CreditsThe Resource Course | |
