Considered one of the more democratic countries in Central Asia, the Kyrgyz Republic is also one of the region’s most open economies. Although mainly reliant on foreign aid, transit trade and remittances, gold mining revenues are important to its budget.
Over the past two decades, we have learned a lot about the “resource curse.” Libya in particular finds itself as an unfortunate case study, proving various hypotheses of scholars and policymakers around the subject.
Earlier this year, the Columbia Center on Sustainable Investment, the Natural Resource Governance Institute, and the Sustainable Development Solutions Network (SDSN), with support from the World Bank, launched a free online course that allows anyone, anywhere to learn about how natural resources
Paul Sanchez attended the fourth edition of the Central European University School of Public Policy-NRGI course on reversing the resource curse to learn more about Mexico’s extractives challenges and parallels elsewhere. These are his perspectives.
There are local innovations to reverse or prevent the resource curse in localities. But in a unitary state like Indonesia, the role of the central government is indispensable in supporting policy innovations and providing guidance to make sure that extractive resources are turned into sustainable development.