The Coup in Niger: Why Resource-Rich Countries Are Poor

Antonio Graceffo

The reality, however, is that the country is now under military rule and the economy will get worse, not better. Supporters of the coup ask how a country, which is rich in uranium, coal, and gold, could be so poor. Many other resource-rich nations are also poor. Venezuela has oil; the Democratic Republic of the Congo has diamonds; and Angola has both oil and diamonds. And yet these countries are all poor.

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