The curse of the resources

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The curse of the resources

“Many times, for that country, the only benefit that the mine brings is the few jobs offered to the local community, but the ecological damages resulted from the exploitation can lead to the loss of jobs in other areas (for example, in fishing if the size of the capture is diminished due to polluted waters) and sometimes they can lead to future huge budgetary costs to keep that area ecologically clean”. Joseph E. Stiglitz, Nobel Prize in Economy winner, former vice-president and chief economist at World Bank, in “The Mechanisms of Globalization”, Ed.Polirom, 2008, “How to liberate ourselves from the curse of the resources”, pag.127.