There’s still hope for the “pink tide” that swept aside Latin America’s right-wing dictators. But in Venezuela, Chavismo is on its last legs.
A Failed State in Latin America?
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resource curse
Africa’s Success Story
Diamond-rich Botswana avoided the dreaded resource curse and established a prosperous, stable democracy. But political turmoil has begun to roil the traditionally placid society.
Foreign Aid Is Afghanistan’s Resource Curse
Afghanistan, which manages to generate only about $2 billion per year of its own revenues and depends on international donors for the rest of its budget, suffers from a kind of resource curse. With plenty of cash and no accountability to citizens—as well as minimal oversight by donors—Afghan officials are free to rip off donor resources and ignore or extort their fellow citizens with relative impunity.