Tag: natural resources trap

Prosperity: The Natural Resource Trap

Nov 17, 2008

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by

mwkruse

in Economic Development, Economics, Politics, Poverty, Public Policy, Series: Cycle of Prosperity, Sociology

In the previous post, we reviewed the Conflict Trap, the first of four poverty traps presented in Paul Collier’s The Bottom Billion. Now we turn to the second trap: the Natural Resource Trap. It is common for folks to assume that the way out of poverty for a poor nation is to discover natural resources…