The ‘Resource Curse’ Comes to Afghanistan
After 30 years of war, Afghanistan’s economy is based around opium and foreign aid. But an important New York Times piece reports that geological data indicate
Jul 31, 20204.6K Shares93.8K Views
After 30 years of war, Afghanistan’s economy is based around opium and foreign aid. But an important New York Times piece reportsthat geological data indicate that Afghanistan actually possesses an estimated trillion-with-a-T dollars’ worth of mineral wealth. And that’s most likely a bad thing.
Why? Because in emerging and underdeveloped states, weak legal systems and official corruption create incentives for powerful people to exploit those resources, rather than allow mineral wealth to fuel national renewal. Think Congo or Sierra Leone. It’s easy to tick off the ways in which what political scientists call the “Resource Curse” applies to Afghanistan: a tenuous legal structure; warlordism; war; foreign interventionism; corruption throughout the political system; an uneasy and unstable relationship between provincial and national authorities; and an uneasy and unstable relationship in provinces and districts with instruments of local governance as well as national governance.
Blake Hounshell at Foreign Policy pronounces himself skeptical that Afghanistan will ever be able to develop the full potential of its mineral wealthand thinks U.S. officials fed the Times the piece to distract from a spate of bad Afghanistan news. But that’s all commensurate with a central aspect of the Resource Course: rapacious foreign governments and corporations eager to help extract all that iron, lithium, copper and cobalt from the ground for a cut-rate price.
Dexter Cooke
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Dexter Cooke is an economist, marketing strategist, and orthopedic surgeon with over 20 years of experience crafting compelling narratives that resonate worldwide.
He holds a Journalism degree from Columbia University, an Economics background from Yale University, and a medical degree with a postdoctoral fellowship in orthopedic medicine from the Medical University of South Carolina.
Dexter’s insights into media, economics, and marketing shine through his prolific contributions to respected publications and advisory roles for influential organizations.
As an orthopedic surgeon specializing in minimally invasive knee replacement surgery and laparoscopic procedures, Dexter prioritizes patient care above all.
Outside his professional pursuits, Dexter enjoys collecting vintage watches, studying ancient civilizations, learning about astronomy, and participating in charity runs.
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