N-11 countries: Are the new victims of resource-curse?

The presence of a robust financial system is a basic prerequisite for channelizing revenues towards investments optimally and putting a country on the path of development. This need becomes crucial if the revenues are being generated from the assets the country is endowed with, i.e., natural resources. This study is an attempt to explore the effect of natural resources on financial development to ascertain the validity of a resource curse or...