But not simply for the environment impact that produces, mostly due for the political and social changes that causes. He spent almost ten years doing the research on the oil systems and economies. I really enjoyed reading The Oil Curse because the author did a lot of research for writing this book. The author clearly explains that oil countries (countries that extracts and produc I found this book in the section of published books in the magazine Foreign Affairs. I found this book in the section of published books in the magazine Foreign Affairs. This landmark book explains why good geology often leads to bad governance, and how this can be changed.more It also warns that the global thirst for petroleum is causing companies to drill in increasingly poor nations, which could further spread the oil curse. The Oil Curse shows why oil wealth typically creates less economic growth than it should why it produces jobs for men but not women and why it creates more problems in poor states than in rich ones. Before nationalization, the oil-rich countries looked much like the rest of the world today, they are 50 percent more likely to be ruled by autocrats-and twice as likely to descend into civil war-than countries without oil. Ross traces the oil curse to the upheaval of the 1970s, when oil prices soared and governments across the developing world seized control of their countries' oil industries. Ross looks at how developing nations are shaped by their mineral wealth-and how they can turn oil from a curse into a blessing. What explains this oil curse? And can it be fixed? In this groundbreaking analysis, Michael L. Ross traces Countries that are rich in petroleum have less democracy, less economic stability, and more frequent civil wars than countries without oil. Countries that are rich in petroleum have less democracy, less economic stability, and more frequent civil wars than countries without oil.
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