The resource curse has also perpetuated dependence on oil exports, leaving the country vulnerable to fluctuations in global oil prices. This has hindered economic diversification efforts and hindered the development of other industries in the country. It has also led to environmental degradation and a lack of investment in sustainable development projects.
Overall, the resource curse has had a negative impact on Saudi Arabia, leading to economic instability, political challenges, and social inequalities. Despite being rich in natural resources, the country has not been able to fully harness these resources for the benefit of its population.
How has the resource curse affected Saudi Arabia?
The quality of life there has not improved.
The economy of the country has not grown.
Wealth from natural resources helps to support the autocratic government.
Rebellions by groups seeking to gain control of natural resources occur.
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