Natural Rresources, a blessing or a curse? the impact of oil and diamonds on the Angolan economy

Abstract

Rich in natural resources, especially oil and diamonds, Angola is faced with both opportunities and challenges regarding its economic development. This direct research explores the complex relationship that exists between these resources and the state of Angola's economy between 1960 and the present. Exploring the effects of oil and diamonds on political stability, economic growth, and resource dependency, the study moves through historical contexts to reveal the dual nature of natural resources as both a blessing and a curse The paper analyses strategic recommendations for Angola's sustainable development, acknowledging the critical balance between resource exploitation and economic diversification, followed by a thorough discussion. Finally, a qualitative and quantitative analysis along with a comparative analysis with the Democratic Republic of Congo are completed to enrich the discussion and conclusion.