21.12.2011 - Over 20 nations dangerously vulnerable to ‘resource curse'
An Oxford Policy Management study of mineral dependent countries-believed to be the first of its kind-finds more than 20 low- and middle-income countries "have become dangerously dependent on the exports of minerals such as metals and hydrocarbons...leaving the countries highly vulnerable to a global economic downturn." About 75% of all mineral-dependent countries are now low- and middle-income countries, while the number classed as mineral-dependent has increased by 33% since 1996 from 46 to 61 nations..............................................Full Article: Source
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