The oil economy

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Written by Thomas Prugh. Christopher Flavin. Janet L. Sawin

Oil vividly illustrates the "natural resource curse"--the tendency for resource wealth to support corruption and conflict rather than growth and development. The "curse" is often aided and abetted by corporations acting with the knowledge of (and frequently in collusion with) national governments in pursuit of resources. The measures taken to secure access to and extract those resources have been know to abridge the rights of indigenous peoples and despoil or even poison their traditional homelands. Oil, a toxic fluid in more ways than o­ne, is such a mixed blessing that it has been called the devil's tears.

Prugh, Flavin and Sawin, State of the World 2005, p.110.

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