Interesting article

Niya · Post by **Niya** » Wed Nov 23, 2011 1:53 pm

Check this article, old (2006) but still makes a point

http://www.res.org.uk/economic/freearti ... uary06.pdf

I was reminded of the resource curse/paradox of plenty after reading the post
viewtopic.php?f=246&t=291515

Post by **Cinque Mtume** » Wed Nov 23, 2011 1:56 pm

Do I look like I wanna study today? Too much math in that shit.

Niya · Post by **Niya** » Wed Nov 23, 2011 4:11 pm

Okay, here is the wiki version of the concept:
http://en.wikipedia.org/wiki/Resource_curse

udun · Post by **udun** » Fri Nov 25, 2011 8:01 am

Niya, are you an economist?

accident · Post by **accident** » Fri Nov 25, 2011 8:22 am

Thank you for the paper. It is very obvious that if this oil is found, if any is found, it will pit the people against the government. In a region with corrupt, unstable, ineffective governments, it can easily happen and not only that but because of the increased concentrated activity surrounding the new oil sector, all other economic sectors will be neglected. This will only compound the problem.

fighter · Post by **fighter** » Fri Nov 25, 2011 8:39 am

I've never met a Somali economist before and I think its because the brain of a genuine economist and a Somali are radically different.

Firstly, Somalis are generally not the brightest people. They are not patient and want results right away.

An economist on the other hand are very intelligent, very patient when it comes to proving their hypothesis and would gladly wait years for their results to prove they were correct.

Economics as a field is strange though. Its a mix of probability and studying human behavior. It all depends on people's habits in the marketplace.

I wish I was an economist though. Very lucrative career and very professional.

They also run the world

fighter · Post by **fighter** » Fri Nov 25, 2011 8:41 am

accident wrote:Thank you for the paper. It is very obvious that if this oil is found, if any is found, it will pit the people against the government. In a region with corrupt, unstable, ineffective governments, it can easily happen and not only that but because of the increased concentrated activity surrounding the new oil sector, all other economic sectors will be neglected. This will only compound the problem.

Are you sure your 13 bro?

You seem way too mature for your age

Niya · Post by **Niya** » Mon Nov 28, 2011 9:03 am

Udun, No I am not.

Accident, you are welcome.

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