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Dracula, the notion of a natural resource curse reemerges haunting the development debate, striking fear into the he American policymakers, and causing quantities of ink to be sp various ways in which being blessed with mineral, agricultural, o wealth will lead to anemic growth performance. Adam Smith wa first to articulate a concern that mining was a bad use of labor a should be discouraged. 1 The idea reappeared in the mid-1950s ica when Raul Prebisch, on observing slowing regional growt natural resource industries had fewer possibilities for technol and were condemned to decreasing relative prices on their ex stylized facts helped justify the import substitution experim national productive structures. Subsequently, disenchantment wi ciencies of protectionism and the consequences of populist m policies led to more open trade regimes and less intrusive microe cies, partly with the example of East Asia's …