The Oil Curse
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The Oil Curse
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VIDEO: Michael Ross, “The Oil Curse”
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Scholars of political development have investigated the so-called oil curse, the idea that oil-rich countries tend not to develop democratic systems of governance, that "oil and democracy do not mix." Framing this idea in the form of a hypothesis: In a comparison of countries, those having economies less dependent on oil wealth will be more democratic than countries having economies more dependent on oil wealth. Consider the following data, which present information for twenty countries with non
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