In essence, the paradox of plenty highlights the challenges that resource-rich countries face in translating their natural wealth into sustainable development. It underscores the importance of good governance, strong institutions, and diversified economies in achieving inclusive and equitable growth.The paradox of plenty, also known as the resource curse, refers to the phenomenon where countries with abundant natural resources tend to have lower economic growth, higher rates of conflict, and lower levels of democracy than countries with fewer natural resources. This counterintuitive outcome su...

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