RE: Report on Oyu Tolgoi from Open Society ForumTheir work starts from the widespread recognition that countries that are rich in mineral and oil resources tend, as a rule, to do poorly; have high poverty, high corruption, slow growth, uncompetitive businesses in all non-extractive sectors, etc.
Exactly.
The excesses and greed of those who have for decades exploited the South American countries and others is coming home to haunt the new contingent of developers.
It would be foolish to not try and anticipate such practices and achieve a balance.