5-7 double spaced pages with at least 3 academic references (journal articles, academic books). Other sources may be web-based, but must be real media sources (any news outlet), or serious organization sites (UN, WWF, Sierra Club are examples). Choose a citation style and be consistent throughout the paper. MLA, APA, ASA are all acceptable.
The Oil Curse: Discuss what is this “curse” and how developing countries rich in oil can work curtail this “curse,” use case study examples. (use: The Oil Curse by Michael L. Ross as a source for this prompt)
It is often that countries that are sitting on oil and their economies depend on the revenue from that oil that they usually end up underdeveloped and worse conditions overall compared to a country who does not rely so heavily on oil. This is known as the oil curse. The concept of the oil curse is not just an idea, it has been revealed many times throughout history, resulting in very similar outcomes in different countries. This paper considers different aspects of oil in the sense of oil production in an enormous size, nontax source, volatility, civil conflict, and how these factors lead countries into the dreaded oil curse. Long-lasting practices and trends in these aspects have often been over-looked and questioned if they have any relation to the oil curse. Overall, the question is, how can countries loaded with oil better manage their resources in order to be sustainable and properly develop. The paper finishes off with an examination of establishments and regulations that a country prospering in oil revenue can look into in order to maintain stability and continue to grow as a country beyond oil production.
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