Development: Africa and the Middle East In general, Africa and the Middle East represent cases of delayed development or no development at all. This is despite the fact that many of the countries in these regions are resource rich. Both represent examples of the resource curse, where abundance of natural resources has in fact impeded development rather than helped it along. The resource curse – many theorists argue that abundance of natural resources, paradoxically, impedes economic growth. This is more a problem of governance – the power potential in these states is not mobilized well. With states that have natural resources, particularly oil, one tends to see monopolization in the hands of the state – state owned industries control natural resources. This engenders corruption, as access to these resources is linked to political power – favored groups within the society are granted access, while other firms are excluded – resources are used by the state to maintain political power. This is seen in the Middle Eastern states, where authoritarian
This is the end of the preview. Sign up
access the rest of the document.