Why didn’t Texas suffer from the resource curse?

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Despite being an economy powered by oil, they are a major tech hub and have a very strong and sophisticated economy.

Why? How did they do it, and is it through policies that can be emulated?

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4 Answers

Anonymous 0 Comments

Texas isn’t a sovereign state.

OR

The borders of Texas aren’t closed to other Americans. In the United States, people are free to move from one state to another.

So really the main policy to emulate is to have open borders that allow people to move to and from the place. People who want to work with oil can move to Texas from other parts of the US, and people who are from Texas but want to work elsewhere can move away.

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