A Flower Grows in West Africa
But in developing countries, the scourge is evinced more rapaciously. Natural resource earnings that should be earmarked for productive investments are siphoned off wholesale by those in power, who then need repressive capabilities to remain there. Nigeria is a classic case. After half a century of pumping out more than $500 billion worth of oil, the country has more poverty than ever and is wracked by corruption and violence. And the barbed blessing of ... Full Story »
Posted by W. MacKenzie
