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Is the US falling victim to the resource curse?

Дата публикации: 07-08-2026 15:27:29

As the US doubles down on fossil fuels under Donald Trump, some economists warn that America risks falling victim to the same ‘resource curse’ that has long undermined resource-rich developing economies by distorting investment, politics and long-term economic growth

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As the US doubles down on fossil fuels under Donald Trump, some economists warn that America risks falling victim to the same ‘resource curse’ that has long undermined resource-rich developing economies by distorting investment, politics and long-term economic growth

By Jeffrey Frankel, Professor, Harvard University and former economic adviser

August 7, 2026

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