#62: The Resource Curse

English Learning for Curious Minds

English - June 11, 2020 22:00 - 16 minutes - 15 MB - ★★★★★ - 58 ratings
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Previous Episode: #60: The British Sense of Humour

Next Episode: #64: The Hidden Cost of Food Delivery Apps

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 & conflictWhat happens to your currency when you export natural resourcesGovernment accountability & politiciansEquatorial Guinea (and the $600M president)Prices that change a lotDid 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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