Ethiopia has recently started crude oil production in the Ethio-Somali state, with the prospect of commercial quantities. Inevitably, when a country starts to produce oil in commercial quantities, economic phenomenon like the resource curse ('the paradox of plenty'), or more specifically, the oil curse, or the 'Dutch disease', becomes a topic of discussion.
So, is oil a blessing or a curse, and how can Ethiopia escape the 'oil curse' pitfall some countries fell into?
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