When a country finds gold, oil or diamonds, you might think this would be a good thing.But in many cases, it is a curse for that country, and it would have been better off leaving its natural resources in the ground.In today's episode we cover:
Expression: "to strike gold"
Wars & conflict
What happens to your currency when you export natural resources
Government accountability & politicians
Equatorial Guinea (and the $600M president)
Prices that change a lot
Did the resource curse cause the fall of the Spanish empire?
Countries that disprove the rule
"The devil's excrement"
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