U.S. News: Why Resource-Rich Economies Are Really Cursed

By SIMON CONSTABLE

When it comes to investing in overseas markets, beware of countries that are heavily endowed with natural resources. 
Contrary to popular belief, if an economy has lots of oil, iron ore, natural gas, timber or other industrial materials, is usually an economic curse rather than a blessing.
The problems are multifaceted, but for investors it can make investing in resource-heavy economies something of a roller-coaster ride. Some examples of countries that have recently seen an economic swoon include Australia, Canada, Brazil, Russia and Saudi Arabia. Read more here.