When any country or province depends heavily on the money that comes from resource extraction, it affects politics there.
Political scientist Michael Ross is probably the most recent author on the subject. Terry Karl has also written extensively on the resource curse. She wrote of the best known books on the subject: The paradox of . . . → Read More: The Sir Robert Bond Papers: The Politics of Oil and Budgets #nlpoli
Since its creation, Nalcor has existed in a perpetual conflict of interest of one kind or another.
SRBP raised the issue of conflict of interest 2006 when Dean Macdonald – then chair of Nalcor’s board – accepted an appointment to the board of a company Nalcor was doing or was planning to do business . . . → Read More: The Sir Robert Bond Papers: Nalcor’s Dark Secret #nlpoli
Michael Ross contends there is a relationship between oil revenues and democracy. Crudely put: oil hinders democracy.
First, the oil-impedes-democracy claim is both valid and statistically robust; in other words, oil does hurt democracy. …
Second, the harmful influence of oil is not restricted to the Middle East. …
The third finding is that nonfuel . . . → Read More: The Sir Robert Bond Papers: Oil and Democracy #nlpoli #cdnpoli