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Re:People may one day drill for copper as they now drill for... by tsjq on Thursday July 08, 2021 @10:31AM (#27772425)
An interesting NPR article /podcast episode on how Norway handled this . "How To Avoid The Oil Curse : Planet Money : NPR" https://www.npr.org/sections/money/2011/09/06/140110346/how-...
Re:People may one day drill for copper as they now drill for... by jeffreyrogers on Thursday July 08, 2021 @11:15AM (#27773032)
I think it boils down to: be Norwegian, i.e. have an already well functioning government and relatively egalitarian society.
Re:People may one day drill for copper as they now drill for... by austincheney on Thursday July 08, 2021 @11:23AM (#27773150)
Botswana figured it out too.
Re:People may one day drill for copper as they now drill for... by jeffreyrogers on Thursday July 08, 2021 @12:32PM (#27774315)
I don't know much about Botswana (I've been to other nearby countries in Africa, but not there), but just from looking at things like it's Gini index I'm skeptical. It definitely appears much better off than its neighbors though and seems to be on a good trajectory.
Re:People may one day drill for copper as they now drill for... by jcranmer on Thursday July 08, 2021 @01:21PM (#27775096)
Botswana is generally considered one of the best-run countries in Africa, along with the island nations (Cape Verde, Seychelles, and Mauritius) and the countries in North Africa (Morocco to Egypt). For example, it's 5th in Africa the Human Development Index (behind Mauritius, Seychelles, Algeria, and Tunisia--and ahead of South Africa). In GDP (PPP) per capita, it's 4th, behind Seychelles, Mauritius, and Equatorial Guinea.
Re:People may one day drill for copper as they now drill for... by jeffreyrogers on Thursday July 08, 2021 @03:08PM (#27776417)
I know that, but being one of the best run countries in Africa is very far from being Norway, as I was getting at with the Gini index.