This episode joins a long list of embargoes, oil-price shocks, nationalization waves, and resource wars that have made petroleum the textbook case of commodity-driven instability. Yet the kinds of ...

Natural resources—such as fossil fuels, water, and minerals—are materials found in the environment that are essential for ...

Natural resource wealth doesn’t always lead to prosperity. A new study explores why resource-rich countries struggle with ...

Liberia is a nation rich with natural resources including iron ore, gold, diamonds, natural rubber, vast forest for logging and timber harvesting, and vast agriculture land for ensuring food security.

Liberia is in the news as Chevron has announced plans to begin oil exploration there later this year. That has led to predictable (and quite reasonable) worries about the country succumbing to the ...

Among the many frustrations in development, perhaps none looms larger than the “resource curse.” Perversely, the worst development outcomes—measured in poverty, inequality, and deprivation—are often ...

Today’s column concludes my discussion of the required framework for macroeconomic policy management, monetary policy, exchange rate regime, and, as we noted last week, the linked role of fiscal ...