From Curse to Blessing? [Paperback]

Using Natural Resources to Fuel Sustainable Development

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Description of From Curse to Blessing?

This book investigates how revenues derived from natural resource exploitation can be translated into real benefits for the citizens of resource-rich countries * Shows how despite unprecedentedly high prices of natural resources such as oil and gas on the global market, resource-rich countries are home to over 60% of the world's poorest people * Discusses the counterintuitive phenomenon known as the "resource curse" and how mineral wealth can impoverish countries * Presents the major obstacles for the international community in the fight against poverty and in the achievement of the Millennium Development Goals * Debates the ways to lift the curse, and suggests policy interventions to break the vicious circle * Includes cross-country comparisons as well as focussing on countries such as Azerbaijan, Democratic Republic of Congo, Nigeria and the Russian Federation