July 25, 2020
Photo by Carlos César from Pexels
The International Consortium of Investigative Journalists in its “Luanda Leaks” provides an explicit example of how corruption works at the top in one of the oil-rich countries.
Many studies found that there is “a positive correlation between economic dependence on natural resources and increased corruption, and controlling corruption is a key mechanism for mitigating the resource curse.” [note] Read more on https://www.brookings.edu/blog/up-front/2020/07/23/a-master-class-in-corruption-the-luanda-leaks-across-the-natural-resource-value-chain/ Accessed on July 25, 2020 [/note]
The following is an article by Brookings that sheds more light on how corruption occurs in resource-rich countries.
A master class in corruption: The Luanda Leaks across the natural resource value chain
Angola, oil money, and corruption.
www.brookings.edu
