According to the Council on Foreign Relations (CFR), how can the 'resource curse' best be avoided?

Question

BlackTom AI · Accepted Answer

The question asks about CFR’s view on avoiding the 'resource curse,' so we need to evaluate how different strategies relate to that concept. 
Option 1: 'By finding large export markets for the resource' This could boost revenue, but expanding markets alone does not address governance, accountability, or the risk of rent-seeking and corruption that fuel the resource curse. In many cases, more buyers simply multiply opportunities for price volatility and opportunistic behavior rather than solving underlying issues. 
Option 2: 'By fixing prices of the resource' While price stabilization can reduce volatility, price fixing is often impractical, can discourage production, and does not inherently build institutions or reduce governance problems associated with resource wealth. It also risks market distortions and black markets, which can worsen the curse rather than prevent it. 
Option 3: 'Through increased foreign investment' Foreign investment can bring capital, but without strong institutions, it may exacerbate extractive practices, enable corruption, and crowd out domestic accountability. Investment alone does not guarantee that resource rents are managed transparently or used for broad development. 
Option 4: 'By having robust democratic institutions in place' This aligns with CFR analyses that emphasize good governance, rule of law, transparency, and accountability as core protections against the resource curse. Strong institutions help ensure revenue is managed for the public good, reduce incentives for rent-seeking, and promote diversification. 
Option 5: 'Through the election of a socialist government' While some theories argue for state-led resource management, CFR framing typically stresses institutional quality over ideology; simply electing a socialist government does not automatically prevent the curse and may introduce its own governance challenges. The core preventative mechanism remains robust institutions rather than a particular political ideology. 
In summary, options 1, 2, 3, and 5 either fail to address governance weaknesses or rely on specific conditions that CFR literature cautions against. Option 4 directly targets institutional quality as the key antidote to the resource curse, making it the best-aligned choice.

OLES1602 (all) Topic 7: Economic apocalypse

According to the Council on Foreign Relations (CFR), how can the 'resource curse' best be avoided?

查看解析

登录即可查看完整答案

类似问题

In a consumer society, many adults channel creativity into buying things

Economic stress and unpredictable times have resulted in a booming industry for self-help products

People born without creativity never can develop it

A product has a selling price of $20, a contribution margin ratio of 40% and fixed cost of $120,000. To make a profit of $30,000. The number of units that must be sold is: Type the number without $ and a comma. Eg: 20000

Which of the following statement regarding cost is correct:

Under the assumptions used in cost-volume-profit analysis, as the activity increases:

The CVP and break-even analysis are supported by a range of important assumptions. Which of the following is not an assumption of the CVP:

The break-even point is that at which:

更多留学生实用工具

考试浏览器助手

风格化写作助手

论文查重助手

文献引用助手

课堂转译助手

课堂笔记助手

Quiz搜索助手

学校历年真题

智能刷题助手

智能匹配练习

希望你的学习变得更简单