29.04.2016 - How to avoid the commodities curse
Papua New Guinea lays out the challenges in stark and basic terms following slump in prices. If you want evidence of the “commodities curse”, look no further than Port Moresby, the raggle-taggle capital of Papua New Guinea. Of course, the curse is not Papua New Guinea’s problem alone – the global collapse in prices of so many key commodities is creating wrenching challenges in economies ranging from Venezuela, Peru and Brazil to Mozambique, Indonesia and Russia – but Papua New Guinea lays out the challenges in stark and basic terms...............................................Full Article: Source
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