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When discussing the "resource curse," we usually think developing nations, as in Middle East oil and gas and the region's volatile geopolitics; oil's contribution to social problems in nations such as Nigeria and Venezuela; and the impact that "conflict minerals" has had in countries such as Congo.
But another version of the resource curse, also known as the paradox of plenty that can afflict countries blessed with abundant natural resources, is alive and well in some parts of the U.S., including the Rocky Mountain region.
As economics reporter Andrew Van Dam recently profiled in the Washington Post, Idaho and Wyoming share far more in common than a boundary. In the 19th century, they were even part of the same territory before Wyoming was split off; both became U.S. states in 1890. They share similar topography, are blessed with abundant natural beauty and boast that indomitable frontier spirit and Old West culture.
But Idaho is currently the fastest-growing U.S. state in population, while Wyoming has had the largest population decline (by percentage) out of all the U.S. states during 2017. The state with the second-largest population decline is West Virginia, where the population has decreased to the point that one of its U.S. congressional seats is in jeopardy.
What do Wyoming and West Virginia have in common? Van Dam points out Wyoming and West Virginia are largely dependent on mineral extraction; furthermore, coal mining dominates those states’ economy. Wyoming is the U.S. state most reliant on mining and energy, with over 20 percent of the state’s economy tied to those sectors. West Virginia comes in at third, with 11.5 percent of its economy dependent on the extractives sector. Wedged between them is Alaska, at just over 15 percent.
Read the full article about the "resource curse" in the U.S. by Leon Kaye at TriplePundit.