The Resource Curse in the context of "Socialism of the 21st Century"

Bachelor Thesis from the year 2010 in the subject Business economics - Economic Policy, grade: 1,33, Jacobs University Bremen gGmbH, language: English, abstract: Ecuador and Venezuela, two Latin American OPEC member states, experienced a socioeconomic upheaval with the windfall petroleum revenues beginning in the 1970s. The oil bonanzas, however, negatively affected the development in the two coun...