💡 Words with a Similar Meaning to "Resource curse"
Found via reverse dictionary — words that share a conceptual meaning.
| Word | Definition |
|---|---|
| lucas paradox | In economics, the Lucas paradox or the Lucas puzzle is the observation that capital does not flow from developed countries to developing countries despite the fact that developing countries have lower levels of capital per worker. |
| dutch diseasenoun | (economics) An increase in the value derived from the natural-resources sector of the economy, leading to a rise in the valuation of the currency increasingly based on the natural-resources sector, and thus causing a deterioration in the manufacturing sector by making the manufactured goods less competitive in the export marketplace compared to those manufactured by economies with lower valuation currencies, because they are relatively more expensive. |
| resource-based economy | A resource-based or natural-resource-based economy is that of a country whose gross national product or gross domestic product to a large extent comes from natural resources. |
| scarcitynoun | (uncountable) The condition of something being scarce or deficient. |
| middle income trapnoun | (economics) The situation where a country that attains a certain income gets stuck at that level, being unable to compete with other more developed economies in the high-value-added market. |
| jevons paradoxnoun | (economics) The proposition that technological progress that increases the efficiency with which a resource is used tends to increase (rather than decrease) the rate of consumption of that resource. |
| internal colonialism | the uneven effects of economic development on a regional basis, otherwise known as "uneven development" as a result of the exploitation of minority groups within a wider society which leads to political and economic inequalities between regions within a state. |
| environmental determinism | (also known as climatic determinism or geographical determinism) the study of how the physical environment predisposes societies and states towards particular economic or social developmental (or even more generally, cultural) trajectories. |
| micro-macro paradoxnoun | The paradox whereby aid agencies report the success of most of their programs, yet it is impossible to establish any significant correlation between aid and GDP growth in developing countries. |
| progress trap | A progress trap is the condition human societies experience when, in pursuing progress through human ingenuity, they inadvertently introduce problems that they do not have the resources or the political will to solve for fear of short-term losses in status, stability or quality of life. |
| easterlin paradoxnoun | (economics) The apparently paradoxical observation that people's reported happiness varies directly with income both among and within nations, but over time happiness does not trend upward as income continues to grow. |
| dependency theorynoun | (economics, political science) A set of ideas to explain the inequalities between developed countries and developing countries, originally conceived in the context of Latin America in the 1960s and 1970s, stressing the interdependence of those countries in a capitalist global economy. |
| leontief paradox | In economics, the Leontief's paradox is that a country with a higher capital per worker has a lower capital/labor ratio in exports than in imports. |
| periphery countries | In world systems theory, the periphery countries (sometimes referred to as just the periphery) are those that are less developed than the semi-periphery and core countries. |
| tragedy of the commonsnoun | (ecology, economics, politics, social criticism) A situation in which unmanaged use of a shared resource (such as the atmosphere or an ocean) by a number of participants results in the unintended ruin or total consumption of that resource. |
| social inequality | Social inequality occurs when resources within a society are distributed unevenly, often as a result of inequitable allocation practices that create distinct unequal patterns based on socially defined categories of people. |
| diminishing returnsnoun | (idiomatic) A condition in which additional inputs into an organization, project or process produce progressively fewer or lower-quality additional outputs, and may, in extreme cases, cause the total quantity or quality of outputs to decrease. |
| market failurenoun | (economics) A situation in which the allocation of goods and services by a free market is not efficient. |
| law of diminishing returnsnoun | (economics) A relationship between input and output, such that adding units of any one input (labour, capital etc.) to fixed amounts of the others will yield successively smaller increments of output. |
| productive efficiencynoun | Productive efficiency is a type of economic efficiency achieved when a firm operates at minimum costs, by using the appropriate inputs to produce the maximum output possible. |
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