Opinion piece by James Anaya in Aljazeera: Is natural resource development a blessing, a 'quick-fix,' or a curse?

Source: Aljazeera

The "resource curse" is alive and well in the global south, as natural resource development deepens poverty.

Geneva, Switzerland - Economic development is widely assumed to bring the blessings of higher standards of living and to be a quick fix for cash poor countries. However, there are many who look at economic development and instead consider it to be a curse in the "global south" - South America, Africa, and Asia - and also in parts of the more industrialised world where indigenous peoples live.