Richard Auty
Richard Auty is a prominent geographer and economist best known for introducing the concept of the 'resource curse' in 1994, which explores the paradox where countries rich in natural resources often experience slower economic growth, higher inequality, and greater levels of conflict compared to those with fewer resources.
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Indonesia:
Richard Auty discusses the resource curse theory, highlighting the paradox of abundant resources not leading to development.
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Kazakhstan:
Richard Auty coined the term 'resource curse' to describe the economic challenges faced by resource-rich countries.
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Liberia:
Professor Richard Auty introduced the concept of the resource curse in 1994.
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