Rio Tinto names Shell’s Katie Jackson as new copper chief
Jackson, who is the current president of National Grid Ventures, an energy group, joins Rio Tinto on September 1.
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.
Writing in Slate Stiglitz says the “economic ingredients of the curse are well-known”: