Part 3/8:
The resource curse extends beyond mere economics; it deeply influences cultural and political structures. The argument posits that regions with rich resources may breed complacency and corruption. This dynamic is evident in several resource-rich countries in Africa. For example, armed groups often exploit rich mineral regions, resulting in poor societal outcomes.
Historically, this pattern can also be traced to the Spanish Empire, which became increasingly politically tyrannical after the wealth influx from the Americas, ultimately leading to economic decline. Similarly, in modern cases like Venezuela and now Russia, abundant resources appear to have exacerbated political corruption rather than alleviating poverty.