Escaping the Oil Curse

Jeffrey Frankel, a Faculty Fellow of the Harvard Environmental Economics Program, posted a blog titled Escaping the Oil Curse on December 15, 2011 which was reposted at the Bangkok Post. Frankel discusses the importance of utilizing natural resources for long-term success, instead of falling into the trap of the short-term economic boom that many countries have suffered from in the past. Frankel goes on to explain the six major pitfalls that can afflict natural-resource exporters.