Is OIL a Resource Curse Essay Example | Topics and Well Written Essays - 250 words

Is OIL a Resource Curse - Essay Example This is because the citizens are unable to account on the spending of the money derived from exporting oil. Additionally, the resource leads to unprecedented rate of conflict. In fact, the wealth of resources in any country appears to correlate with conflict. This is because government relies on resources and delinks itself from people. This arises due to lack of accountability that could have been achieved by taxing. However, such governments do not need to tax its people as oil generates enough resources to run the government. This makes the government unaccountable to its people. However, there are ways in which some of the government are solving the resource curse. This involves use of some of the resources generated to offer incentives to the citizens. Moreover, the money is also channelled to social welfare to cater for the aged and less privileged in the society. In addition, some governments have focused on ensuring there is accountability in the sector. This takes place through offering information about the nation revenue and expenditure (Stapleton n.d). Additionally, other governments are in the process of developing legislation to address transparency in the oil sector. All these initiatives are believed to offer solutions to resource curse