CONGO AND THE PARADOX OF PLENTY

Published: 25 November 2020| Version 1 | DOI: 10.17632/mhf7ztbm6t.1
Contributor:
Elsie Mark-Hansen

Description

Congo is a classic example of the paradox of plenty; with a plethora of natural resource wealth ranging from diamonds, natural gas, uranium, rubber, arable land, rivers, and many more yet, its people continue to wallow in poverty. 64% of the country’s population of 77million live on less than $1.25. (World Bank Report DRC). The Challenge facing Congo is how it can harness its natural resource wealth to improve the standard of living for its people and improve upon development. This essay will look at the natural resource wealth of Congo in relation to the Country’s development, and the Human Development Index (HDI). The essay will focus on how Congo can avoid the Resource curse and judiciously manage its natural resource using the revisionist theory to achieve sustainable development and wealth for its people just like Norway has done. This research is based on secondary data from books, peer-reviewed journals and articles. Congo's development is juxtaposed with its natural resources. This article looks at how the judicious management of natural resource can help to Promote Development in Congo, T

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