“…Most recently, the emergence of global value chains and major changes happening in the industry have led some scholars to reexamine naturalresources-based development through the lens of modern globalization. Some, including Farinelli (2012), Kaplinsky (2011), Morris et al (2012), Ramdoo (2013, Ramdoo and Bilal (2014) and UNECA (2013), have provided new arguments for commodity-based development, emphasizing the cross-border nature of modern industrialization and the potential it entails for the extractive sector. Still, evidence at the country level is controversial, as 'blesses' and 'curses' cohabit the same regions.…”