Countries with rich endowments of natural resources might have overall good development measurements, but a pointed out by Michael Ross, the “term-of-trade effect may be statistically robust at the global level, but it is still elusive at the case-study level. In other words, the benefits are reaped by the elites who have control of the resources, while the trickledown effect from the expected development is not felt at the grassroots level. This scenario, ultimately, could bring a plateau to the overall development progress of the country.