The notion of resource curse has engulfed African countries, which are rich in natural resources and heavily depend on revenues from these resources. The resource curse is characterized by poverty-stricken, corruption and violent.
Relatively small group ( Elite ) captures vast wealth while leaving the entire society without basics need such as clean drinking water, electricity, shelter and consumption goods that define the absolute minimum resources necessary for long-term physical well-being.
Political instability triggered the oil resource curse; the evident suggests that countries with bad institutions are likely to experience the natural resource curse.
One of solution to get out from oil curse is to improve institutions, good governance, accountability and transparency.
South Sudan can voluntarily signed up to the Extractive Industries Transparency Initiative (EITI) promoted by former British Prime Minister Tony Blair in 2002 that became an independent NGO in 2007. The main point of this is to get governments to publish adequate accounts of their receipts from natural resources and to create mechanisms by which society and voters can become informed about this. The following criteria must be satisfied and these include most centrally:
For the complete article, please see Sudan Tribune.