Joseph E. Stiglitz, Nobel laureate in economics and professor at Columbia University, has some sobering thoughts for Ghana, Uganda, Tanzania, and Mozambique; countries which have recently been in the news because of  discoveries of natural resources.
Stiglitz says resources often turn out to be a curse for the particular country instead of a blessing and that most countries with abundant oil, gas or minerals will catch the Dutch disease – where a boom in extractive industries leads to declines in other sectors of the economy.
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