Momentum Rises to Lift Africa’s Resource Curse

By Kofi Annan
Across Africa, oil, gas and minerals are being discovered more often than ever before. Nowhere is the global commodities boom being felt more acutely. Over the next decade, billions of dollars will flow into countries previously starved of financial capital. Used wisely, these natural resource revenues could lead to sustainable economic growth, new jobs and investments in health, education and infrastructure. But sadly, history teaches us that a more destructive path is likely — conflict, spiraling inequality, corruption and environmental disasters are far more common consequences of resource bonanzas. The cliché remains true: striking oil is as much a curse as a blessing.Read more