Saturday, July 13, 2013

How to Manage Natural Resource Wealth for Human Development

 Brookings: ... people in lower-income, resource-rich countries generally fare consistently worse in health and education outcomes than what would be predicted by their level of income. Equatorial Guinea is a case in point, albeit an extreme one. Its GDP per capita is $23,133 (32nd in the world just ahead of South Korea). However, three-quarters of its population lives in poverty (2006) and it ranks 136th on the Human Development Index (2012)...  It is critical that investments in people – and not just in infrastructure – are seen as investments in the future of resource-rich countries...

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