Booming Busts: The Double-Edged Sword of Mineral Wealth

More about the book

Exploring economic cycles, the book delves into the dual nature of mineral wealth, emphasizing both its potential benefits and inherent risks. It contrasts the allure of riches with the pitfalls of dependence on mineral resources, illustrating the challenges faced by economies reliant on such wealth. The metaphor of a "mirage" captures the fleeting nature of these riches, underscoring the necessity for sustainable development as a path to enduring prosperity. Each section provokes thought about the complexities of mineral dependence and its impact on economic stability.