Friday, July 31, 2009

Education, natural resources and corruption

Poor countries are cursed by corruption, low human capital and an economy mostly based on natural resources. These three factors have often been treated as exogenous to GDP and in particular to each other. But could they be linked? The correlation is certainly there, what about causation?Iván Aldave and Cecilia García-Peñalosa make the argument that the "blessing" of natural resources gives the

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