PROJECT M
 

Don’t forget Africa

James Wolfensohn was the ninth president of the World Bank. In 2005, he founded the Wolfensohn Center for Development at the Brookings Institution in Washington to examine how to implement, scale up and sustain development interventions

James Wolfensohn
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Don’t forget Africa

James Wolfensohn was the ninth president of the World Bank. In 2005, he founded the Wolfensohn Center for Development at the Brookings Institution in Washington to examine how to implement, scale up and sustain development interventions

James Wolfensohn

Resource curse

Rentier states derive all or a significant portion of national revenues from oil or mineral royalties (rent). The economic irony is that many of the poorest and most troubled states have paradoxically the highest levels of natural wealth. In fact, it has been suggested that resource wealth itself, especially where it accounts for the bulk of government revenues, may harm a country’s prospects for development.

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