How oil and gas industry is a curse to developing countries?

Running head: SYNOPSIS
How oil and gas industry is a curse to developing countries?: Synopsis
Name of Student
Name of University
Author Note

1
SYNOPSIS
Table of Contents
1. Title of the Dissertation/Topic.........................................................................................2
2. Introduction including background of proposed study....................................................2
3. Review of literature.........................................................................................................2
4. Problem Statement...........................................................................................................3
5. Need for the Research......................................................................................................3
6. Objectives........................................................................................................................3
7. Research methodology.....................................................................................................3
8. Sources of Data................................................................................................................4
9. Sampling..........................................................................................................................4
10. Expected outcome..........................................................................................................4
11. Bibliography..................................................................................................................5

2
SYNOPSIS
1. Title of the Dissertation/Topic
How oil and gas industry is a curse to developing countries?
2. Introduction including background of proposed study
The oil producing developing countries are quite instable in terms of economy. The
political and the economic dysfunction of those countries is often known as oil curse and this
curse is largely caused due to poor management or investment of the oil revenues by various oil
producing countries. For example, even though Nigeria has one of the largest oil reserves, yet it
is still a developing country. The undertaken study aims in finding out the factors that affects the
oil industry and its operations. One of the most significant cause of the same being the
ineffective waste management. In consideration to the developing countries, the abundance of
the natural resources is considered to be a curse and from the international trade’s perspective,
this problem is known as “Dutch disease” and thus, the abundance of natural resources in these
countries leads to adverse consequences for industrialization and growth. The study aims in
analysis of the variety of factors that contribute to this curse. Furthermore, the quantity and
availability of the natural resources affect the economic growth of the developing countries
where it should have given a boost to the economy of the country’s production capacity.
3. Review of literature
Osaghae (2015), considers the Nigerian oil resource to be a resource curse. The
likelihood of the natural resource being a curse or a blessing completely depends on the policies
and the actions of the government. Roberts (2016), indicate that African government and
stakeholders identify the climate change and the social responsibility concerns to be a
considerable constraint towards the economic growth of the developing countries.