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Why Resource Rich Countries Grow Slowly?

328 ratings | 15549 views
Why do countries face "The resource curse phenomenon" and how can countries having large natural resource reserves can break the curse to benefit from the natural resources? Edit: The DRC was depicted incorrectly in the video. Find the corrected version here: https://spooksandooks.com/democratic-republic-of-congo-and-republic-of-congo-map/?frame-nonce=56ed90e9d1 We at Spooksandooks illustrate stories from around the world, making it short, sweet and fun to watch. Do hit subscribe if you like our work. Do follow us on Facebook: https://www.facebook.com/spooksandooks/ And get to know us more on Instagram: @Spooksandooks Music: Mattia Cupelli Tags: Resource Curse, Why are resource rich countries poor, Venezuela crisis, dutch disease, resource curse in Africa, hypothesis, theory, explained, documentary, thesis
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Text Comments (38)
mhd kuncahyo (1 month ago)
a lack of entrepreneuship is truly spot on.
dumpdrumpf2020 (1 month ago)
more like they are low IQ shitholes that would have never gone through the industrial revolution thus the lack of entrepreneurship, also many of the african ones are landlocked/without ports so that hurts as well.
Destiny Martinez (3 months ago)
Everything he says sounds like a question
Darwin L. (4 months ago)
Good video, I live in a resource rich country with poor standard of living..this has big impact to me. .please continue making videos like this..😊
Hoop Jeanne (5 months ago)
This is a really well done video! Great explanation and graphics!
MsKsmith1234 (6 months ago)
great explanation - thank you!
ken pinzky (7 months ago)
I give this video 60% on seeking for the answers. Africa's woes are also caused by external factors. Funny enough no documentary seems to identify this.
Elliot hay (8 months ago)
Good work.
Gryazev-Shipunov (9 months ago)
The main reason of this disparity is IQ. Norway, South Korea, Taiwan, Japan are all high IQ nations . Race and IQ are strongly related: hence its a question of race and GDP really.
ken pinzky (7 months ago)
For speaking on the subject of IQ you sure do show a lack in it. Bogus argument.
LagiNaLangAko23 (9 months ago)
Also would have been nice if it was added was that natural resources increase the chance of being invaded or manipulated by stronger players or even by non-state actors like companies. Another one is that if the country don't already have good institutions, the natural resources would allow the elite to further sink down their roots since they can generate income without much input from the citizens. The Middle East, though hardly poor as Zimbabwe, managed to remain monarchies. The royals can simply use the money to give people stuff to keep them satisfied, maybe invest some and then they can consume the rest of the profits.
Ryan TJY (1 year ago)
Great video!I really like how you guys included examples of exceptions to this phenomenon too and the reasons behind it.
ZombieTex (1 year ago)
While many of the commentaries in this video are extremely valid, the entire video ignores the topic of economic freedom. The countries that have done the best are the ones with the most economic freedom, and the ones who are doing the worst have the least economic freedom. Economic freedom is what allows individuals to capitalize on opportunities and turn them into wealth.
Luke Franse (1 month ago)
ZombieTex interestingly, in any nation, there is a layer of separation between the govt. and the people. In single-export economies, the government has more incentive to cater to outsiders that make government officials rich, and keeping its people poor and accessible to those outsiders to help them turn large profits. In diverse economies, economic freedom makes more sense as competition allows for more efficiency. As a side effect, the people within the country benefit and are invested in, and in return invest in the government as they now have a stake in its steady operation.
Atharv Dwivedi (1 year ago)
im in love with your channel!PLEASE DON'T STOP MAKING VIDEOS.IM GONNA TRY MY BEST TO SHARE AS MUCH AS POSSIBLE.
Ajay Mehta (1 year ago)
Thanks for such a great explanation and keep up the good work.
Syed Tauqeer (1 year ago)
awesome work keep it up.....
Ajay krishna M (1 year ago)
i love your videos, its so simple and very informative........keep up the good work :)
Blackheart Coc (1 year ago)
i am little surprised that your content is very accurate and resourceful yet the view you get are very little. perhaps it because your channel is new but dont feel you are not getting good reach. it takes time to build the audience( speaking from my own experience). but you will be there someday.just keep posting stuff and ask suggestion at end of every video for making a new one from the audience.
Ouri (1 year ago)
Nice video ! Just one thing, today's Nauru unemployment is about 23%, was estimated to be 90% in 2004 due to a crisis in Phosphate Rock prices.
Rubashow (1 year ago)
It's a well produced an narrated video and was very informative. The topic is serious but the music somehow made me feel much sadder than I expeceted to feel.
ivan date (1 year ago)
legalize dumping !!!!! before it's too late
Y H (1 year ago)
I came here because Bill Wurtz convinced me to learn History and Geopolitics. You deserved more subscriber!
sfx (1 year ago)
First world countries receive minerals, make products and sell it back to the country with natural resources. Countries who decide to use their natural resources to build wealth, are blockaded if they dont comply with these unfair trade agreements. How can you contribute to a better world? Vote with your dollars.
David Magno (1 year ago)
that's rep. of congo not DRC
Krispijn Joseph (1 year ago)
Yes indeed the wrong Congo!
Death Wizard (1 year ago)
The video is pretty good
MiYo (1 year ago)
Brilliant video!
Exanimato (1 year ago)
Nice job dude.
Subhransu Panda (1 year ago)
You have more likes on Facebook than views here. Why don't you just share the YouTube video link instead of the whole video on Facebook. That might get you more views and subscribers here. As always great video. I hope you get more subscribers.
mohammed shoab (1 year ago)
Awesome! Waiting for your next video!
GeograFacts (1 year ago)
My gosh, you deserve WAY more subscribers.
LagiNaLangAko23 (9 months ago)
Yeah, just found this and surprised they mentioned Nauru which rarely get mentioned even when talking about relying on a single resource.
Spooksandooks (1 year ago)
GeograFacts Thanks a lot. We will get there, one step at a time i guess. 😁
utkarsh pathak (1 year ago)
great insight and informative video once again, keep up the good work!👌 always look forward to your videos
Spooksandooks (1 year ago)
utkarsh pathak Thanks buddy for the support you show us. Stay tuned. A new video coming this Wednesday
Sreesha Jagannatha (1 year ago)
You guys are doing great job.. You guys will go long way.. All the best.
Rezwan Navid (1 year ago)
Good work! Keep it up!

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