Recession as Opportunity for Reversing Resource Curse (I)
Its been a long break since I highlighted an article and you can pardon me for being absent from the blogosphere. A lot has been happening right? How are you all doing? Today I will post an article by cerebral and erudite Waziri Adio who is the Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI). You can reach him on ( waziri.adio@thisdaylive.com ). Here he triest to diagnose (yet again) the famous "Resource Curse" and Nigeria's path out. Enjoy, Non And, sadly, it came to pass. It is well predicted that most countries blessed with natural resources, even in the best of times, perform worse economically than countries not so endowed; and that, when times are tough, countries that are dependent on natural resources come to an assured grief. There is a popular name for this strange but common condition: resource curse. It sounds metaphysical, it seem...