The riddle of how to avoid the so-called “resource curse” has bedeviled a generation of policy makers, economists and academics. “Resource curse” refers to the negative consequences that befall a country when it discovers a valuable natural resource, like oil....
Ongoing negotiations between the two Sudans have resulted in an agreement on oil this weekend. Both countries made substantial concessions, but oil is only one aspect of the broader agreement set to be signed this year.
The breakdown of negotiations on oil exploitation between the two Sudans is about more than just oil revenue.
The day before official independence, the north and south negotiating teams still have not come up with an agreement on oil;