What is the resource curse? What are the causes of the resource curse? What are the consequences? What is dutch disease? Other names: the rent curse, the paradox of plenty.
Learn Austrian Economics in a fun way!

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#EconClips

Econ Clips is an economic blog. Our objective is teaching economics through easy to watch animated films. We talk about variety of subjects such as economy, finance, inflation, money, investing, monetary systems, financial markets, financial institutions, cental banks, wealth, financial crises and business cycles. If you want to know how the economy works and understand why it works this way - join us on econclips.com and learn Austrian Economics in a fun way!

00:00 Introduction
00:28 What is the resource curse?
01:02 What are the causes of the resource curse?
02:02 Political and social
03:01 Institutional
03:26 Which countries are “cursed”?
05:18 What are the consequences of the resource curse?
06:46 How to help?
07:30 Outro

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