Resource Curse, Finance Curse

Nicholas Shaxson and John Christensen have a new book (free PDF here) arguing that specialization in finance, like specialization in oil, is bad for a country. Continue reading

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Transparency in Extractive Industry Deals?

A deal among EU states, apparently overcoming strong opposition from the oil industry.

This is very good news for two reasons.

It’s no secret that proceeds from the sale of oil, timber, etc, often wind up in the pockets (and offshore bank accounts) of public officials around the world. It would be hard to add up the damage this does Continue reading