Lancaster University Management School - 54 Degrees Issue 12

FIFTY FOUR DEGREES | 23 DOYOU BELIEVE INTHE CURSE? Natural resources can bring an economic boomto a region or even country, but for several decades economists have found that in the longer term, these economies show slower growth. With their new research, AnitaSchiller and her colleagues show that the so-called Natural Resources Cursemight not be as problematic as fi rst thought. Gusher in a Port Arthur, Texas oil well in 1901