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Different countries are impacted differently. Oil-exporting countries can see increased revenues when prices rise, boosting their economic growth. However, they may also face challenges like the **'resource curse'**, where dependence on oil revenue can hinder diversification and sustainable development. Oil-importing countries, on the other hand, can face economic headwinds when prices increase, as they spend a larger portion of their budget on oil imports. However, lower prices can benefit these economies by reducing import costs and boosting economic activity.
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version: '3.8'