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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, People

Myanmar needs sovereign wealth fund to avoid resources curse: Stiglitz

Posted on 06 June 2012

Joseph StiglitzMyanmar would benefit from securing the revenue accumulated through its oil and natural gas sales into a sovereign wealth fund, helping the fledgling democracy avoid the ‘resources curse’ and distributing wealth more equitably, Former World Bank Chief Economist Jospeh Stiglitz said.
“Many countries with large natural resources have not done well. They’ve not done well in terms of growth, equity, poverty reduction and so much so that this is called the natural resource curse and we’ve studied the causes and what can be done about it,” the Nobel prize-winning economist said……………………………………….Full Article: Source


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