#62: The Resource Curse

When a country finds gold, oil or diamonds, you might think this would be a good thing.But in many cases, it is a curse for that country, and it would have been better off leaving its natural resources in the ground.In today's episode we cover: Expression: "to strike gold" Wars a conflict What happens to your currency when you export natural resources Government accountability a politicians Equatorial Guinea (and the $600M president) Prices that change a lot Did the resource curse cause the fall of the Spanish empire? Countries that disprove the rule "The devil's excrement" Full transcript and key vocabulary available on the website www.leonardoenglish.com/podcasts/the-resource-curseJoin the conversation: instagram.com/leonardoenglishapp fb.me/leonardoenglishapp Join the Learn English with Podcasts community: www.facebook.com/groups/learnenglishwithpodcasts More about Leonardo English and the English for Curious Minds podcastLearning English shouldn't be boring. It should open your mind.English Learning for Curious Minds is a podcast aimed at intermediate level English speakers and above, where listeners learn fascinating things about the world while learning English.There's no small-talk, no boring grammar exercises or vocabulary drills.You'll learn English by listening, by hearing real conversations and real English, spoken by native speakers, and at a speed you can understand.You can become a member of Leonardo English and get access to every podcast, transcripts, key vocabulary, and be able to participate in members-only live sessions.Discover a more interesting way to improve your English at leonardoenglish.com/subscribe

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