Is the resource curse slowing you down?
Adam Morgan
On the eve of the publication of his new book, A Beautiful Constraint, Adam Morgan explains the power of doing more with less, sharing the story of the McLaren Formula One team that overturned expectations by fighting back following the tobacco sponsorship ban.
The Resource curse is a term coined by the economist Richard Auty to describe the tendency for countries that are rich in natural resources to perform worse economically than countries that have none. While this is not inevitable (see those prudent Norwegians), the possession of such...