Since it began producing oil in earnest in 1956, Nigeria has become the poster child for the environmental, social, and economic devastation that can be wrought by unfettered fossil fuel production.
Articles: resource curse (3)
A new book, The Finance Curse, argues that far from being a "golden goose", having an oversized financial sector is seriously damaging to an economy.
Is finance like crude oil? Countries rich in minerals are often poverty-stricken, corrupt and violent.