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Listen to IMF economists and other experts discuss key economic and financial issues of the day. Click on the play button. Alternatively, download the audio MP3 file—a popular digital music format for sound files. Broadcasters: this facility is also being made available to enable these podcasts to be broadcast on radio outlets free of charge. Also available in SoundCloud

Paul Collier on Undoing the Resource Curse

September 23, 2011

A copper mine in DRC. Commodity wealth needs to be saved and invested to smooth consumption and global shocks, says Collier (Olivier Polet/Corbis)

Low-income countries rich in natural resources have performed worse economically than might be expected, falling prey to conflict, corruption, or overdependence on that resource. Paul Collier, a leading academic in the field of development, believes countries can learn from the past to successfully ride "the commodity tiger."

Paul Collier, University of Oxford