Cursed by Abundance: Resource Discoveries and the Macroeconomic Paradox

When a nation strikes oil or discovers a massive deposit of natural gas, it is universally celebrated as an economic miracle. However, history reveals a terrifying counter-narrative: sudden resource wealth often triggers a devastating cascade of financial ruin. This phenomenon, where an influx of foreign cash destroys a country's broader economy, is the paradoxical nightmare known as the Dutch Dis...