The pitfalls of oil wealth AN OUTSIDERS VIEW Ken Fuller 12/29/2009

The pitfalls of oil wealth AN OUTSIDERS VIEW Ken Fuller 12/29/2009 Is access to massive oil revenues always a blessing? Take the case of the tiny African state of Gabon. By 1974, oil revenues totaled $654 million and Gabon had a per capita Gross National Product of $700 per annum, the highest in “black” Africa. At a time when its population was a mere 1.2 million, its civil servants were among the highest-paid in Africa, with free cars and housing. .... MORE Source:  The Daily Tribune ALTERNATE URL: http://www.classicposters.com/commentary/20091229com7.html

COMMENTARY EDITORIAL The problem with pre-election polls FRONTLINE Too early to crow focus Expelled Hmong neglected for three decades MR. EXPOSE Prosperous friends NO HOLDS BARRED The Filipino solution VIEWPOINTS The evil done plus the good undone AN OUTSIDERS VIEW The pitfalls of oil wealth