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economy Archives - David Werdiger

Natural Resources

By Blog, Galus Australis 2 Comments

Q. Why do the Irish have the potatoes and the Arabs have the oil?A. Because the Irish had first choice. Natural resources are both a blessing and a curse. While they can be a source of wealth and prosperity for a country, they are something that is obtained with relatively little effort. As such, they can invariably lead to laziness and complacency. Just have a look at rates of literacy and innovation in so-called “rich”…

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