menu

Why do they fail to exploit their oil wealth?

0
196 views

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

Oil
Wealth
Wealth Management
Oil&Gas
Poverty Reduction
Wasim Safdar
3 months ago

4 answers

0
  1. Due to mass spread corruption
  2. Weak political system
  3. Marginalization of certain groups
  4. insecurity and internal strive
Ibitoye Segun Emmanuel
2 months ago
Thanks, Ibitoye Segun Emmanuel, I agree. But some say it is "oil curse", what do you think? - Wasim 2 months ago
0

It is called, OIl curse:, not?

Hassan Qudrat-Ullah
2 months ago
I agree with you, Hassan Qudrat-Ullah. If it is not a curse then why Venzvala and Nigeria show much poverty.. - Bo 2 months ago
0

Simply poor management and corrupt practices. .

Ali Qudrat
2 months ago
Ali Qudrat I agree with you completely. - Ibitoye 2 months ago
I agree with you Ali Qudrat and Ibitoye Segun Emmanuel, it is all about management else how Singapires' GDp could be larger than several oil rich countries. - Hassan 2 months ago
Ali Qudrat I agree with and those who agree with you on this. Better managment will lead to better life for masses of these oil rich countries. - Bo 1 month ago
0

I think instead of a "Oil Course", It is curse made the people of those oile countries for themselves. They would be better off if they manag eit well.

Bo Chen
2 months ago
I agree Bo Chen. Good management can help bring chnage in the lives of mases of these nations. - Wasim 1 month ago

Have some input?