It is crucial that this essay should contain strong arguments supported by development economics theories as it is an economics essay. Naturally, the essay should be mainly based on Bill Easterly, Dambisa Moyo and Jeffery Sachs contradicting research findings and of course on how this outlined in Poor economics by Banerjee and Duflo. Additional sources which should be included are the following:1. Banerjee and Duflo (2011). Poor economics. Ch. 1 and 2.2. Bhattacharyya, S., and R. Hodler (2010). Natural Resources, Democracy and Corruption. European Economic Review, 54, 608-621.3. Collier, P., and A. Hoeffler (2009). Testing the neocon agenda: democracy in resource-rich societies. European Economic Review, 53, 293-308.4. Ray (1998). Ch. 4.5. de Janvry and Sadoulet (2016). Ch. 196. Easterly, W. (2009). Can the West save Africa? Journal of Economic Literature7. Mehlum, H., K. Moene, and R. Torvik (2006). Institutions and the Resource Curse. Economic Journal, 116, 1 20.8. Robinson, J., R. Torvik and T. Verdier (2006). Political foundations of the resource curse. Journal of Development Economics, 79(2): 447 468.9. Ross, M. (2001). Does Oil Hinder Democracy?. World Politics, 53, 325-61.10. Sachs, J. and A. Warner (2001). The Curse of Natural Resources. European Economic Review, 45, 827-38. The essay should include a discussion on RCTs as an argument when comparing the claims. I am attaching lecture slides which should also be referred to.
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