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Why do they fail to exploit their oil wealth?

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Why do several major oil-rich countries fail to exploit their oil wealth successfully?

Oil
Wealth
Wealth Management
Oil&Gas
Poverty Reduction
Wasim Safdar
18 days ago

1 answer

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  1. Due to mass spread corruption
  2. Weak political system
  3. Marginalization of certain groups
  4. insecurity and internal strive
Ibitoye Segun Emmanuel
9 days ago
Thanks, Ibitoye Segun Emmanuel, I agree. But some say it is "oil curse", what do you think? - Wasim 6 days ago

Have some input?