[2026] PTE Academic Listening - Fill in the Blanks (Type In)

The 'resource curse' refers to the paradox that countries with an abundance of natural resources often experience less economic growth. This phenomenon typically occurs when a nation’s becomes overly dependent on a single export, such as oil or minerals. As global prices for these commodities , the country’s financial stability is placed at significant risk. Furthermore, the sudden influx of wealth can lead to and a decline in the competitiveness of other sectors. To mitigate these effects, some nations establish wealth funds to save profits for future generations. Diversifying the base is also essential for ensuring long-term prosperity and social .