Professional Documents
Culture Documents
**in the real world wealth and power are ultimately joined
PETROLIST STATES -> dependent on oil production for the bulk of their exports or GDP and
have weak state institutions or outright authoritarian governments
-ex) Angola, Chad, Egypt, Saudi Arabia, Sudan, Venezuela
DUTCH DISEASE: process of industrialization that can result from a sudden natural resource
windfall
-value of their currency rises
-citizens start importing a lot
-domestic industrial sector gets wiped out