The main obstacle to further progress on the resource curse is China, and to a lesser extent India.

George Soros
About This Quote

The main obstacle to further progress on the resource curse is China, and to a lesser extent India. The resource curse refers to the negative impacts that the rising price of oil has had on many economies. Examples include Nigeria's runaway inflation, Venezuela's economic collapse, and the collapse of the Soviet Union. The main obstacle to further progress on the resource curse is China, and to a lesser extent India.

China is the largest energy consumer in the world which has created a lot of competition for oil and gas reserves around the world. They also have invested a lot of money into the developing world and the resulting dependence on their resources has created many problems for those countries.

Source: The Age Of Fallibility: Consequences Of The War On Terror

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  1. Misconceptions play a prominent role in my view of the world.
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  4. Everybody says that I have a lot of power. But what does that power consist of?... Can I influence governments? I am beginning to be able to..." (1995)
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