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Similarly, resource wealth also attenuated the risk of conflict.
They write: [We] find that the direct effect of resource wealth (particularly the subset of mineral resource wealth) on income growth is positive and significant.
"Countries that have lots of resource wealth really do struggle to turn that into social progress and some of the biggest underperformers are countries with natural resource wealth".
More generally, resource wealth tends to be a disincentive to develop nonresource industries.
These countries succeeded because they used their resource wealth to diversify their economies.
That combination of resource wealth and macro stability is attracting investors.
"This is not about resource wealth alone, but wealth in general.
Many African nations are marketing their resource wealth, and may also improve productivity in local agriculture.
This economic loss is particularly felt in developing countries where natural resource wealth represents a foundation for sustainable development.
No place without the institutions to hold powerful men to account can completely escape the temptations of huge resource wealth.
Billions of dollars in oil revenue have mysteriously disappeared, leaving the population with little to show for their resource wealth.
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