#62: The Resource Curse

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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"

Full transcript and key vocabulary available on the website: www.leonardoenglish.com/podcasts/the-resource-curse

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Keywords: Learn English, vocabulary, lessons, idioms, aprende inglés, idiomas, aprender inglês, apprendre l'anglais, imparare l’inglese, ingilizce öğren,英語を習う, تعلم الإنجليزية

Release date

Lydbog: 12. juni 2020