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Why do they fail to exploit their oil wealth?

946 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
57 months ago

4 answers

Due to mass spread corruption
Weak political system
Marginalization of certain groups
insecurity and internal strive

Ibitoye Segun Emmanuel
56 months ago

Thanks, Ibitoye Segun Emmanuel, I agree. But some say it is "oil curse", what do you think? - Wasim 56 months ago

It is called, OIl curse:, not?

Hassan Qudrat-Ullah
56 months ago

I agree with you, Hassan Qudrat-Ullah. If it is not a curse then why Venzvala and Nigeria show much poverty.. - Bo 56 months ago

Simply poor management and corrupt practices. .

Ali Qudrat
56 months ago

Ali Qudrat I agree with you completely. - Ibitoye 56 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 56 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 55 months ago

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
56 months ago

I agree Bo Chen. Good management can help bring chnage in the lives of mases of these nations. - Wasim 55 months ago

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Why do they fail to exploit their oil wealth?

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

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