Foreign Affairs Article

PrintPrint EmailEmail ShareShare CiteCite
Style:MLAAPAChicagoClose

loading...

Reverse the Curse

How Can Oil Help the Poor?

Authors: Karol Boudreaux, Tiernan Mennen, Larry Diamond, and Jack Mosbacher
January/February 2014
Foreign Affairs

Share

Larry Diamond and Jack Mosbacher ("Petroleum to the People," September/October 2013) rightly observe that the coming oil boom in Africa is, paradoxically, a frightening prospect for the continent's poor and marginalized. If the so-called resource curse holds, this new surge of easy money will indeed "poison the prospects for development," fueling corruption, inflation, and authoritarian regimes.

Request permission to republish or photocopy this Foreign Affairs article

Read full article at ForeignAffairs.com.

More on This Topic

Backgrounder

Expanding China-Africa Oil Ties

Authors: Christopher Alessi and Stephanie Hanson

China has increased its economic ties with Africa as it seeks to fulfill its growing energy demands. But China's way of doing business has...