Wealth

West Africa Resource Curse

West Africa Resource Curse
Lome, Togo West Africa

Eureka, I have found the pivotal concept, the missing piece of the puzzle, the explanation for the rampant crazy NGO - ONG, Bono U2, not me, nuts behavior and give money where none is needed explanation for Africa. It is called the Resource Curse.

Thank You, Monsieur Eric, the teacher has arrived…
http://www.hobotraveler.com/2007/05/rain-defeats-togo-business.html

When the student is ready, the teacher arrives.

http://en.wikipedia.org/wiki/Resource_curse

QUOTE:

Resource Curse Thesis

The term 'resource curse thesis' was first used by Richard Auty in 1993 to describe how countries rich in natural resources were not able to use that wealth to boost their economies and how, counter-intuitively, these countries had lower economic growth than countries without an abundance of natural resources.[1] However, the idea that natural resources might be more a curse than a blessing began to emerge in the 1980's. Numerous studies, including a notable one by Jeffrey Sachs and Andrew Warner, have shown a link between natural resource abundance and poor economic growth.[2] This disconnect between natural resource wealth and economic growth can be seen clearly by looking at an example from the oil-producing countries. From 1965-1998, in the OPEC countries, gross national product per capita growth decreased on average by 1.3%, while in the rest of the developing world, per capita growth was on average 2.2%.[3] Some argue that financial flows from Foreign Aid can provoke effects that are similar to the Resource Curse.[4]

END QUOTE

Any person that does not understand how business works, would be tempted to say they are poor in West Africa, or maybe any corrupt person would go along for profit Then we just have the save the world, granola for lunch bunch, who are too stupid for the planet. Need to move to the next planet, and go into the ether, excuse me, they need slapped.

Note, I think Bill Gates knows the game, read his requirements.

Bottom line in business, I am in the land of unlimited opportunity.

NGO, Togo Economics, Togo Economics, West Africa Economic, Wealth, Togo,

West Africa Resource Curse