Title: Oil Booms and Business Busts
Description: Despite the vast riches that oil brings to a nation, many oil-producing countries struggle with economic volatility and are unable to promote diversification-what is often referred to as the 'resource curse' phenomenon. This text provides a new way of thinking about the developmental challenges associated with oil by centering on how policy makers in these countries have approached the business environment for private firms and entrepreneurs.
Subjects: Natural resources, developing countries, Petroleum industry and trade, developing countries, Entrepreneurship, Economic development, Industrial policy, developing countries, Industrial policy, Petroleum industry and trade, Natural resources, Political aspects