*The Oil Curse*

The author is Michael L. Ross and the subtitle is How Petroleum Wealth Shapes the Development of Nations.  It is an excellent book, here is the bottom line:

Most social scientists trace the oil curse to the governments of petroleum-producing states…This book, though, shows that the events of the 1970s, especially nationalization, made the problems of the oil states a lot worse.

Recommended, here is the book’s home page.


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