Inequalities #37

The Resource Curse – Does oil make you rich?

“The resource curse, also known as the paradox of plenty or the poverty paradox, is the phenomenon of countries with an abundance of natural resources (such as fossil fuels and certain minerals) having less economic growth, less democracy, or worse development outcomes than countries with fewer natural resources.” Wikipedia

In this episode, Alice speaks with Jesus Carrillo, Mechanical Engineer pursuing his Ph.D. in Economics at El Colegio de México, currently on a fellowship at Yale University, who specializes in the political economy of energy. They talk about the challenge of countries relying on natural resources for development (the resource curse), the sustainability of state reliance on oil, and how the future of big oil companies is changing.
#future #inequalities #economics