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‘After Diamond Plunder, ZNA Partners Russian Prospectors, To Angle For US$5 billion Platinum Mines’
FOR those of you who, like me, with a deep interest in the subject of political economy, will remember the phrase ‘resource curse’. A quick reference to Wikipedia will tell you that the term “was first used by Richard Auty in 1993 to describe how countries rich in natural resources were unable to use that wealth to boost their economies and how, counter-intuitively, these countries had lower economic growth than countries without an abundance of…
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