Developing Economies

Economists at the UN Department of Economic and Social Affairs warn that people in mineral-rich countries crucial for the global transition to a net-zero carbon economy may suffer from a new "resource curse," where wealth fails to alleviate poverty. The findings were part of the department's latest economic prediction released on 16 May 2024. Hamid Rashid, the lead economist at DESA. According to the World Economic Situation and Prospects as of […]