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The Presource Curse

Geoff Riley

12th December 2017

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This article from the December 2017 edition of Finance and Development (published by the IMF) will be of interest and value to students and teachers for whom development economics and policy is a core part of their A-level Economics.

The IMF calls the presource curse a cousin to the natural resource curse. Countries that fall behind their potential growth rates are subject to what we call the presource curse. The presource curse in focuses on what happens in the short period between discovery and the start of production.

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Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly forty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD and Revision conferences in the UK and overseas.

@tutor2uGeoff

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