A Way for Resource-Rich Countries to Audit Their Way Out of Corruption

New York Times by Tyler Cowen | Jul. 12, 2007 (Special Report)

It is unfortunate that economists have to debate whether natural resources are a blessing or a curse for a developing nation. Minerals, diamonds or oil may appear to represent automatic wealth but resource-rich countries usually become mired in corruption. High oil revenues, for instance, allow a government to maintain power and reward political supporters without doing much for its people. The government of Nigeria has taken in billions from high oil ... Full Story »

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4.5
 by Benjamin Buttons - Jul. 12, 2007

Economist Tyler Cowen discusses the ideas of Oxford economist Paul Collier from his latest book. Piece discusses an innovative approach to making natural resource wealth beneficial to a poor country's development, and negating some of the deleterious effects of such wealth. More book report than reportage, it's a clear and concise distillation of Professor Collier's ideas.

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