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What effect does the presence of natural resources have on economic development?

What effect does the presence of natural resources have on economic development?. Jacob Moy. Defining Abundance/Scarcity. SXP (Sachs and Warner 1997), SXP80 Affirming our case studies: Oil production Primary exports. The Findings. Real GDP Growth Rates (USD-1990 Base).

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What effect does the presence of natural resources have on economic development?