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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