By Dr. Marianne S. Ulriksen
Many African countries have, or are about to have, access to natural resource wealth. The assumption is that wealth from resources should benefit the country as a whole. Yet access to natural resources such as oil, gas and minerals can be accompanied by a resource curse, where local markets are distorted and corrupt behaviour seeps out the country’s wealth.
Too many countries experience extreme levels of corruption and misuse of funds while broad-based developments, especially in rural areas, are inadequate and many people are poor. This is a persistent predicament in many African contexts. Breaking this cycle requires radical changes, and what follows is a radical but plausible proposal which I hope can stimulate a constructive debate.
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