Resource Curse

The resource curse, also known as the paradox of plenty, refers to the paradox that countries with an abundance of natural resources (such as fossil fuels and certain minerals), tend to have less economic growth, less democracy, and worse development outcomes than countries with fewer natural resources. There are many theories and much academic debate about the reasons for, and exceptions to, these adverse outcomes

Exceptions

Trinidad and Tobago

Oil and gas account for about 40% of GDP and 80% of exports in the country yet compared to the rest of the Caribbean it quite stable, having never suffered a dictatorship (unlike Cuba, Haiti, Dominican Republic and Grenada)